Alan deposits $2000 into an account that pays simple interest at an annual rate of 5%. He does not make any more deposits. He makes no withdrawals until the end of 4 years when he withdraws all the money. Answer the following questions. If necessary, refer to the list of financial formulas. |(a) How much total interest will Alan earn? ? |(b) What will the total amount in the account be (including interest)?

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