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Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the future

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent.

a. What would be the future value if the interest rate is a simple interest rate?

b. What would be the future value if the interest rate is a compound interest rate?

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