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$16,000is deposited for9years in an account earning5%interest. (Round your answers to two decimal places.) (a) Calculate the future value of the investment if interest is

$16,000is deposited for9years in an account earning5%interest. (Round your answers to two decimal places.)

(a) Calculate the future value of the investment if interest is compounded semiannually. $ (b) Calculate the future value if interest is compounded quarterly. $ (c) How much greater is the future value of the investment when the interest is compounded quarterly?

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