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Each year, $ 6 , 5 0 0 is invested at 3 % annual compound interest. a . What is the value of the investment

Each year, $6,500 is invested at 3% annual compound interest.
a. What is the value of the investment portfolio
after 20 years? $
After 25 years? $
After 30 years? $
b. Repeat part (a) with the investment at 4% annual compound interest.
After 20 years? $
After 25 years? $
After 30 years? $
c. Based upon your answers to (a) and (b), what conclusions can be drawn regarding the impact of the interest earned versus
the duration of the investment?
increase in interest rate increases the accumulated investment value
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