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.
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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