You invest $800 in an account that pays simple interest of 4% for 5 years. Calculate the amount of interest you'll have at the end of the indicated period

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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You invest $800 in an account that pays simple interest of 4% for 5 years. Calculate the amount of
interest you'lI have at the end of the indicated period
Techole
lili
Transcribed Image Text:S Add-ons Help Last edit was seconds ago I UA 10 Arial I 3 E IEI4 IE You invest $800 in an account that pays simple interest of 4% for 5 years. Calculate the amount of interest you'lI have at the end of the indicated period Techole lili
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