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Find the future value of a $5000 initial investment after 5 years and 10 months when the annual percentage rate is 3% compounded continuously. Answer:
Find the future value of a $5000 initial investment after 5 years and 10 months when the annual percentage rate is 3% compounded continuously. Answer: $ Question 4 2 pts How long will it take $2500 to double under each of the following conditions? Identify the values of rand n used in the calculation and give your answer in years and months. Then give the actual value of the investment at this time rounded to the nearest cent. a. APR = 4.2%, compounded quarterly r= Doubling time years and months Actual Value = $ b. APR = 3.15%, semi-annually Doubling time years and months Actual Value = $
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