You deposit $ 1,000 in your bank account. a. If the bank pays 4% simple interest, how
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a. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years?
b. How much will you accumulate if the bank pays compound interest?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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