Question: Compute the future value after 1 year for 2000$ invested at 5% interest compounded quarterly. What simple interest rate will yield the same amount in

Compute the future value after 1 year for 2000$ invested at 5% interest compounded quarterly. What simple interest rate will yield the same amount in 1 year? The future value of the investment at the end of the first year is approximately ? (Round to the nearest cent as needed.)

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