# Suppose that $4000 is placed in an account that pays 8% interest compunded each year. Assume that no withdrawals are made from the account. (a) Find the amount in the account at the end of 1 year. (b) Find the amount in the account at the end of 2 years. Question Suppose that$4000 is placed in an account that pays 8% interest compunded each year. Assume that no withdrawals are made from the account.

(a) Find the amount in the account at the end of 1 year.

(b) Find the amount in the account at the end of 2 years.

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