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3) If $2000 is invested today at a 12% nominal interest rate, how much will it be worth in 15 years if interest is compounded

3) If $2000 is invested today at a 12% nominal interest rate, how much will it be worth in 15 years if interest is compounded

3a. Annually 3b. Quarterly 3c. Monthly 3d. Daily (365-days per year)

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