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answer all parts please - list answeres clearly For each deposit, find the future value (that is, the final amount on deposit) when compounding occurs
answer all parts please - list answeres clearly
For each deposit, find the future value (that is, the final amount on deposit) when compounding occurs (a) annually, (b) semiannually, and (c) quarterly. Principal $2000 Rate 3% Time 5 years SERE (a) If it is compounded annually, what is the amount after 5 years? A=$ (Do not round until the final answer. Then round to the nearest cent as needed.) (b) If it is compounded semiannually, what is the amount after 5 years? A=$ (Do not round until the final answer. Then round to the nearest cent as needed.) (c) If it is compounded quarterly, what is the amount after 5 years? A=$ (Do not round until the final answer. Then round to the nearest cent as needed.) Step by Step Solution
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