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Calculate the future value of $8,000 in a. Four years at an interest rate of 7% per year b. Eight years at an interest rate

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Calculate the future value of $8,000 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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