Page Harrington
07/23/2024 · High School
Find the future value of each deposit if the account pays (a) simple interest, and (b) interest compounded annually. \( \$ 2400 \) at \( 4 \% \) for \( 5 \) years (a) With simple interest, the future value is equal to \( \$ \) ___(Simplify your answer. Type an integer or a decimal.) (b) With interest compounded annually, the future value is equal to \( \$ \) ___(Simplify your answer. Type an integer or decimal rounded to the nearest cent as needed.)
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\(( a) 2880\\ ( b) 2919.97\)
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