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Compute the future value of $1000 compounded annually for 10 years at 6 percent, 10 years at 12 percent and 20 years at 6 percent.

Compute the future value of $1000 compounded annually for 10 years at 6 percent, 10 years at 12 percent and 20 years at 6 percent. Why is the interest earned in 20 years at 6 percent not twice the amount earned in 10 years at 6 percent?

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