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An investment of $ 1 6 , 0 0 0 is growing at 4 % compounded quarterly. a . Calculate the future value of this
An investment of $ is growing at compounded quarterly.
a Calculate the future value of this investment at the end of year
Round to the nearest cent
b If the interest rate changed to compounded monthly at the end of year calculate the future value of this investment at the end of year
Round to the nearest cent
c Calculate the total amount of interest earned from this investment during the year period.
Round to the nearest cent
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