(Answered) Questionwhat is the future value in seven years of 1000

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What is the future value in seven years of $1,000 invested in an account with a stated annual interest rate of 8%.
a) Compounded annually
b) Compounded semiannually
c) Compounded monthly
d) Compounded continuously
e) Why does the future value increase as the compounding period shortens?

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