Suppose that you deposit $2,000 today in account paying simple interest of 8% annually. How much...
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Suppose that you deposit $2,000 today in account paying simple interest of 8% annually. How much interest will you have earned at the end of 10 years? Round your final answer to two decimals. Suppose that you deposit $2,000 today in account paying simple interest of 8% annually. How much interest will you have earned at the end of 10 years? Round your final answer to two decimals.
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The total interest earned after 10 years would be 1 600 00 The amoun... View the full answer
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