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An investments account offers a 1 2 % annual return. If $ 3 5 , 0 0 0 is placed in the account for two
An investments account offers a annual return. If $ is placed in the account for two years, by how much will the investment grow if interest is compounded a annually, b semiannually, c quarterly, or d monthly?
Note: Use tables, Excel, or a financial calculator. Round your answers to decimal places. FV of $ PV of $ FVA of $ and PVA of $
tableInv,tial,tableAnnualRatetableInterestCompoundedtablePeriodInvestedFuture Valuea$Annually, years,bSemiannually, years,cQuarterly, years,dMonthly, years,
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