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# PLEASE HELP! THANKS A problem is listed below. Identify its type. Deborah deposits $300 into an account that pays simple interest at the rate of 6%.

PLEASE HELP! THANKS

A problem is listed below. Identify its type.

Deborah deposits $300 into an account that pays simple interest at the rate of 6%. How much will she have at the end of 5 months?

**a) **Effective Rate

**b) **Future Value with simple interest

c)Future Value with compound interest

**d) **Present Value with simple interest

**e) **Simple Interest

**f) **None of the above.