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10) What is the future value of $55,000 invested today in 15 years if the required rate of return is: a) 8% compounded annually? b)

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10) What is the future value of $55,000 invested today in 15 years if the required rate of return is: a) 8% compounded annually? b) 8% compounded semi-annually? c) 8% compounded quarterly? d) 8% compounded monthly 10) What is the future value of $55,000 invested today in 15 years if the required rate of return is: a) 8% compounded annually? b) 8% compounded semi-annually? c) 8% compounded quarterly? d) 8% compounded monthly

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