You deposit $1,000 in your bank account. a). If the bank pays 4% simple interest, how much

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You deposit $1,000 in your bank account.

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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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Jan 07, 2021 02:26 AM

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You deposit $1,000 in your bank account. a). If the bank pays 4% simple interest, how much

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deposit 1000 simple interest 4 Period 10 years ... View the full answer

Fundamentals of Corporate Finance

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