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Additional WileyPLUS Problem 5-3 Christopher Thompkins must decide how to invest $17,500 that he just inherited. What would be the future value of his investment

Additional WileyPLUS Problem 5-3

Christopher Thompkins must decide how to invest $17,500 that he just inherited. What would be the future value of his investment after 6 years under each of the following two investment opportunities?(Round your final answer to 2 decimal places. Do not round intermediate calculations!)

a.6.34 percent compounded quarterly.

Value of investment after 6 years$

b.6.16 percent compounded monthly.

Value of investment after 6 years$

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