In your freshman year your uncle deposits 10000 into a


In your Freshman year your uncle deposits $10,000 into a 4-year bank certificate of deposit (CD) that pays 5% annual interest. You will receive the money in the account (including the accumulated interest) if you graduate with honors.  How much will there be in the account in 4 years?

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Financial Management: In your freshman year your uncle deposits 10000 into a
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