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Complete the table to determine the effect of the number of compounding periods when computing interest . Suppose that $11,000 is invested at 3.9% interest

Complete the table to determine the effect of the number of compounding periods when computing interest . Suppose that $11,000 is invested at 3.9% interest for 10 yr under the following compounding options . Round answers in the second column to the nearest whole number . Round answers in the last column to the nearest cent .

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Compounding Option n Value Result (a) Annually n = (b) Quarterly (c) Monthly n= (d) Daily n = 365 (e) Continuously Not Applicable

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