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(a) Find the FV of $2,000,000 invested to earn 6% semi-annually 5 years from now. (b) Now create a table that shows the FV at
(a) Find the FV of $2,000,000 invested to earn 6% semi-annually 5 years from now.
(b) Now create a table that shows the FV at 0%, 5%, and 15% for 0, 1, 2, 3, 4, and 5 years.
| Years | 0% | 5% | 15% |
|---|---|---|---|
| 0 | |||
| 1 |
| ||
| 2 | |||
| 3 | |||
| 4 | |||
| 5 |
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