Suppose you deposit $4,000 in a savings account paying 10% simple interest. How much money will you have in your account after 4 years?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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Suppose you deposit $4,000 in a savings account paying 10% simple interest. How much money will you have in your account after 4 years? 

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