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1. Suppose that $10,000 is invested at an APR of 6% for 4 years. (9 points) a) Determine the accumulated balance assuming that interest

1. Suppose that $10,000 is invested at an APR of 6% for 4 years. (9 points) a) Determine the accumulated balance assuming that interest is compounded annually. b) Determine the accumulated balance assuming that interest is compounded monthly. c) Determine the accumulated balance assuming that interest is compounded continuously.

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