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Victor Romano invested $15,000 today in a fund that earns 8% compounded annually. a. To what amount will the investment grow in 3 years? b.

Victor Romano invested $15,000 today in a fund that earns 8% compounded annually.

a. To what amount will the investment grow in 3 years?

b. To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually?

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