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Given an initial investment of $ 8 , 0 0 0 , saved for 1 5 years at 5 % annual interest rate, What if

Given an initial investment of $8,000, saved for 15 years at 5% annual interest rate, What if the annual interest rate was 8%, compounded monthly?
Situation 1c: $10,000 initial investment for 5 years.
Situation 2c: Five annual payments of $2,500 starting at the end of the first year.
NOTE for 1c: You must do the calculation year by year.
Question: What is the total amount of money for situation 1c?
Question: What is the total amount of money for situation 2c?
What is the best investment option?

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