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2.) a) What is the FV of $7,189 invested for 23 years at a 9.25% (annual rate) when compounded monthly? (1 point) b) How about

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2.) a) What is the FV of $7,189 invested for 23 years at a 9.25% (annual rate) when compounded monthly? (1 point) b) How about compounded annually? (2 points) c) EAR? (1 point) d) What is the additional interest due to compounding? (1 point)

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