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a. Calculate the future value of a $1 investment paying interest of 13.7% compounded annually. Work out the value of the investment after 1, 5,

a. Calculate the future value of a $1 investment paying interest of 13.7% compounded annually. Work out the value of the investment after 1, 5, and 20 years.
b. Calculate the future value of a $1 investment paying interest of 13.5% compounded semiannually. Work out the value of the investment after 1, 5, and 20 years.
c. Calculate the future value of a $1 investment paying 13.3% compounded continuously. Work out the value of the investment after 1, 5, and 20 years.
d. Which investment would you prefer?

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