Question
a. What is the future value in seven years of $1,600 invested in an account with an APR of 8 percent, compounded annually? (Do not
a. What is the future value in seven years of $1,600 invested in an account with an APR of 8 percent, compounded annually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $
b. What is the future value in seven years of $1,600 invested in an account with an APR of 8 percent, compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $
c. What is the future value in seven years of $1,600 invested in an account with an APR of 8 percent, compounded monthly? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $
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