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Christopher Thompkins must decide how to invest $10,000 that he just inherited. What would be the future value of his investment after five years under
Christopher Thompkins must decide how to invest $10,000 that he just inherited. What would be the future value of his investment after five years under each of the following three investments opportunities?
a. 6.28 percent compounded quarterly.
b. 6.20 percent compounded monthly.
c. 6.12 percent compounded continuously.
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