Question 732321
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You invest #300 into a 2 year certificate of deposit that earns 6.5% simple annual interest. 
What is the balance at the end of 2 years?
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<pre>
Use the formula for the future value of a simple interest account

    FV = 300*(1+0.065*2) = 339.    <<<---===  <U>ANSWER</U>
</pre>

Solved.


The answer in the post by @lynnlo is incorrect.


Simply ignore his post.