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You deposit $1,400 in your bank account. a. If the bank pays 3% simple interest, how much will you accumulate in your account after 9
You deposit $1,400 in your bank account. a. If the bank pays 3% simple interest, how much will you accumulate in your account after 9 years? Future value b. How much will you accumulate if the bank pays compound interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future value
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