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(1 point) (Example 1.11) If $15600 is invested at an interest rate of 6% per year, find the value of the investment at the end

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(1 point) (Example 1.11) If $15600 is invested at an interest rate of 6% per year, find the value of the investment at the end of 5 years for the following compounding methods. (a) Annual: Your answer is $ 20876.32 (b) Semiannual: Your answer is $ 20965.1 (c) Monthly: Your answer is $ 21042.06 (d) Daily: Your answer is $ 21057.27 (e) Continuously Your answer is $ 21057.14

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