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Calculate the future value of $1.000 in a. 3 years at an interest rate of 5% per year b. 6 years at an interest rate

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Calculate the future value of $1.000 in a. 3 years at an interest rate of 5% per year b. 6 years at an interest rate of 5% per year C. 3 years at an interest rate of 10% per year d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)

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