If the bank pays 4 simple interest how much will you, Financial Management

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If the bank pays 4 simple interest how much will you

You deposit $2,200 in your bank account.

a. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years?

Future value $

b. How much will you accumulate if the bank pays compound interest? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Future value $

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