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Calculate the future value of $5,000 earning 5 percent after one year, assuming annual compounding. Now, calculate the future value of $5,000 earning 5 percent
Calculate the future value of $5,000 earning 5 percent after one year, assuming annual compounding. Now, calculate the future value of $5,000 earning 5 percent after 20 years. What is the future value after one year? (Round to the nearest cent.)
What is The future value after 20 years? (Round to the nearest cent.)
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