Gerhard deposited $5600 into a savings account that earned 4.5% simple interest each year calculated annually .What is the future value of G

Question

Gerhard deposited $5600 into a savings account that earned 4.5% simple interest each year calculated annually .What is the future value of Gerhard’s account after 12 years?

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    0
    2021-09-19T07:26:08+00:00

    The answer is
    5600+(5600*0.045*12)=5852

    0
    2021-09-19T07:26:18+00:00

    Answer:

    the answer is 8624 on APEX

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