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4. $5000 is invested for 2 years at 10% per annum. Determine the amount that this investment would grow in two years for different
4. $5000 is invested for 2 years at 10% per annum. Determine the amount that this investment would grow in two years for different compounding frequencies. a) Semi-annually b) Quarterly (2 marks) (2 marks) c) Monthly (2 marks)
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