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2. Assume the interest rate is 5 percent (compounded annually). What is the a. future value in ten years of $100,000 invested today. b. future

2. Assume the interest rate is 5 percent (compounded annually). What is the

a. future value in ten years of $100,000 invested today.

b. future value in ten years of $100,000 invested annually (on the last day of every year).

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