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Compute the future value of $50,000 invested at an annually com- pounded interest rate of 6% for 8 years. Do the same for a semiannually

Compute the future value of $50,000 invested at an annually com- pounded interest rate of 6% for 8 years. Do the same for a semiannually compounded interest rate of 5.5% and a continuously compounded interest rate of 5%. In all cases, calculate the gross and net returns. All interest rates are annual rates.

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