Pablo deposits $4000 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 2 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 Pablo earn? $ ?I (b) Wha solutionspile.com

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Pablo deposits $4000 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 2 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 Pablo earn? $ ?I (b) What will the total amount in the account be (including interest)? $  solutionspile.com

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