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(a) Find the FV of $2,000 invested to earn 6% semi-annually 5 years from now. (b) What would the FV be if the interest rate
(a) Find the FV of $2,000 invested to earn 6% semi-annually 5 years from now.
(b) What would the FV be if the interest rate was semiannual compounding rather than annual copounding?
(c) Now create a table that shows the FV at 0%, 5%, and 15% for 0, 1, 2, 3, 4, and 5 years.
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