If ($ 12,000) is invested at (4.5 %) for 20 years, find the future value if the
Question:
If \(\$ 12,000\) is invested at \(4.5 \%\) for 20 years, find the future value if the interest is compounded:
a. annually
b. semiannually
c. quarterly
d. monthly
e. daily
f. every minute g. continuously h. simple (not compounded)
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