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(Future Value) Q1-Suppose you had a relative deposit $10 at 5.5% interest 200 years ago. Q2-How much would the investment be worth today using simple

(Future Value)

Q1-Suppose you had a relative deposit $10 at 5.5% interest 200 years ago.

Q2-How much would the investment be worth today using simple interest?

Q3-How much would the investment be worth today using compound interest?

What is the effect of compounding?

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