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Calculate the future value of $1,000 in A) Four years at an interest rate of 5% per year B) Eight yearsat an interest rate of
Calculate the future value of $1,000 in
A) Four years at an interest rate of 5% per year
B) Eight yearsat an interest rate of 5% per year
C) Four yearsat an interest rate of 10% per year
D) Why is the amount of interest earned part A less than half the amount of interest earned in part B?
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