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Assume an investment of $100,000 is made today and is expected to earn a quoted interest rate of 9.20%. Compute the future value of the
Assume an investment of $100,000 is made today and is expected to earn a quoted interest rate of 9.20%. Compute the future value of the initial investment after 5 years (Column B), 25 years (Column C), and 45 years (Column D) at each compounding frequency in Column A (annual, semiannual, monthly, daily, and continuous). 11. ( 9 points) Complete the table below. 12. (1 point) In Columns B, C, and D, the investment period remains the same at 5-, 25-, and 45years, respectively. Explain why the balance varies for a given investment period
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