If 1 had been placed in a bank account in the year 1066 and, Financial Management

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If 1 had been placed in a bank account in the year 1066 and

If $1 had been placed in a bank account in the year 1066 and forgotten until now, how much would be in the account at the end of 2026 if the money earned 2% interest compounded annually? 2% simple interest? (Now you can see the power of compounding and why inactive accounts are closed after a relatively short period of time.)

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Financial Management: If 1 had been placed in a bank account in the year 1066 and

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