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Compute the future value of $100 at an 5 percent interest rate 5, 10, and 15 years into the future. What would the future value
Compute the future value of $100 at an 5 percent interest rate 5, 10, and 15 years into the future. What would the future value be over these time horizons if the interest rate were 3 percent?
Instruction: Round your answers to the nearest penny (2 decimal places).
Future value in 5 years at 5 percent = $
Future value in 10 years at 5 percent = $
Future value in 15 years at 5 percent = $
Future value in 5 years at 3 percent = $
Future value in 10 years at 3 percent = $
Future value in 15 years at 3 percent = $
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