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At the end of five years, how much will an initial deposit of $500 be worth at the following annual interest rates: (a) 6% (compounded
At the end of five years, how much will an initial deposit of $500 be worth at the following annual interest rates: (a) 6% (compounded annually)
(b) 6% (compounded semi-annually)
(c) 6% (compounded monthly)
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