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[0/2.4 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Suppose you invest $2000 in a savings account that pays an APR of 6%. If the account pays simple interest, what is the balance in the account after 20 years? (Round your answer to the nearest cent.) Recall that the simple interest formula does not use Excel. The simple interest formula calculates interest only. This question requests the account balance, not just interest earned. $ X If.interest.is.campounded monthly, what is the balance in the account after 20 years? (Round your answer to the nearest cent.) $ X Enter a number. Submit Answer [-13 Points] DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 7