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Bill is the beneficiary of a trust fund established for him 21 years ago at his birth. If the original amount placed in the

Bill is the beneficiary of a trust fund established for him 21 years ago at his birth. If the original amount placed in the trust fund was $10,000, how much will he receive if the money has earned interest at the rate of 6% per year compounded: a) Monthly b) Continuously Find the effective rate of interest corresponding to a nominal rate of 11% per year compounded: a) Semiannually b) Daily

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