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Posted on Oct 05, 2024

Calculate the future value of $ 5 0 0 invested today for a period of 4 years at an interest rate of 1 0 %

Calculate the future value of $

500

invested today for a period of

4

years at an interest rate of

10 %

.

.

compounded annually. Show how and discuss why your answer would change if interest was compounded daily.

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