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Compute the future value of $8,500 for 10 years at a stated annual interest rate of 10 percent, compounded: (a) annually (b) every six months
Compute the future value of $8,500 for 10 years at a stated annual interest rate of 10 percent, compounded:
(a) annually
(b) every six months
(c) quarterly
(d) monthly
(e) continuously compounded
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