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Find the future value of an investment of $2,200 made today for the following rates and periods: (If you solve this problem with algebra round
Find the future value of an investment of $2,200 made today for the following rates and periods: (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your answers to the nearest penny.)
a. 6.25 percent compounded semiannually for 12 years.
b. 7.63 percent compounded quarterly for 6 years.
c. 8.9 percent compounded monthly for 10 years. d. 10 percent compounded daily for 3 years. e. 8 percent compounded continuously for 2 years.
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