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Problem:

Calculate the difference in the future value of an investment that compounds at 'annual' and 'daily' interest rates with the following characteristics:

Present Value: $45,000,
Annual Interest Rate: 5.65%, and
Years to Maturity: 15.

Note: Provide thorough explanation of the given question.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174240

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