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Calculate the future value of $7,000 in a. 7 years at an interest rate of 7% per year. b. 14 years at an interest rate

image text in transcribed Calculate the future value of $7,000 in a. 7 years at an interest rate of 7% per year. b. 14 years at an interest rate of 7% per year. c. 7 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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