SOLUTION: $500 with 8% interest how much after two years would i have?

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Question 867846: $500 with 8% interest how much after two years would i have?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Depends on the compounding period.
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A minimum of $500 + $500*(0.08*2) = $580 with "simple interest" for the simple-minded.