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4. Compute the amount earned on $200,000 invested at 3.26% APR in one year if compounding is taking place daily. (Round your answer to the

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4. Compute the amount earned on $200,000 invested at 3.26% APR in one year if compounding is taking place daily. (Round your answer to the nearest cent.) $ What is the future value of a 10-year investment of $1000 at an APR of 5% compounded monthly? (Round your answers to the nearest cent.) $ Explain what your answer means. This means a $. investment now will be worth $ in the future with the assumed constant APR

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