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3. An investment of $2000 is made at 8.3% per annum, compounded annually. a) Determine the amount of the investment if it is invested for

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3. An investment of $2000 is made at 8.3% per annum, compounded annually. a) Determine the amount of the investment if it is invested for the following time periods: 1) 8 years II) 10 years II) 12 years iv) 14 years b) Based on the calculations above, describe how the overall length of the investment affects the amount

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