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problem1: Determine the future value of $1,400 in 20 years suppose an interest rate of 9.6% compounded semiannually?

problem2: One Credit Bank is offering 8.4% compounded daily on its savings accounts. If you deposit $6,000 today, how much will you have in the account in five years, in 10 years and in 20 years?

Cost Accounting, Accounting

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