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Compute the future value of $1,000 compounded annually For:

a. 10 years at 6 percent.

b. 10 years at 9 percent.

c. 20 years at 6 percent.

d. Why is the interest earned in part (c) not twice the amount earned in part (a)?

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  • Category:- Basic Finance
  • Reference No.:- M950576

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