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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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