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Find the future value of an investment of $25,000 for 3 years at an interest rate of 10.5% if the money is a. compounded
Find the future value of an investment of $25,000 for 3 years at an interest rate of 10.5% if the money is a. compounded semiannually, b. compounded quarterly, c. compounded monthly Use the Compound Interest Formula (Business Math Version) to find the future values indicated FV-P(1+i) a. Compounded semiannually? n= (Round your answer to 5 deceimal places as needed) FV $ (Round your answer to the nearest cont.) b. Compounded quarterly? ne (Round your answer to 5 deceimal places as needed.)) FV $ (Round your answer to the nearest cent.) c. Compounded monthly? n= i= 8. (Round your answer to 5 deceimal places as needed) FV-S (Round your answer to the nearest cent) 4
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