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Calculate the future value of $ 2000 in a.Four years at an interest rate of 7 % per year. b.Eight years at an interest rate

Calculate the future value of $ 2000 in

a.Four years at an interest rate of 7 % per year.

b.Eight years at an interest rate of 7 % per year.

c.Four years at an interest rate of 14 % 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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