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2. An investment of $2000 earns interest that is compounded annually for ten years. a) Determine the amount of the investment at the following annual

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2. An investment of $2000 earns interest that is compounded annually for ten years. a) Determine the amount of the investment at the following annual rates of interest: i) 8.0% ) 8.5% ill) 9.0% IV) 10.0% b) Based on the calculations above, describe how the interest rate affects the amount of an investment

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