kamberdavoren kamberdavoren

27-11-2022
Business

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Compute the future value of $1,640 compounded annually for:

a) 10 years at 5 percent.
b) 10 years at 10 percent.
c) 20 years at 5 percent.
d) Why is the interest earned in part (c) not twice the amount earned in part (a)?

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