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How much will $20,000 invested today at 3 percent interest be worth in 5 years if it is compounded annually? How much will it be
How much will $20,000 invested today at 3 percent interest be worth in 5 years if it is compounded annually? How much will it be worth in 5 years if compounded monthly?
Value Today-
Rate-
Number of years-
Months per year-
Compounding periods-
Rate per quarter-
Annual FV-
Monthly FV-
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