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Big-Bucks Financial provides a Regional Market Growth Fund that pays you 6 percent per year. If you invest $20,000 today, a) How much will you

Big-Bucks Financial provides a Regional Market Growth Fund that pays you 6 percent per year. If you invest $20,000 today,

a) How much will you have in the beginning of 3rd year from now?

b) How much would you get if the fund pays simple interest during the three years.

c) How much interest youll get when compounding for the 3 years?

d) How much more interest youll get when compounding for the 3 years compared with simple interest?

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