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is to increase by 70% ? 1. Suppose 5500 is deposited at a nominal rate of interest of 6% per annum. Calculate the value of

is to increase by 70% ? 1. Suppose 5500 is deposited at a nominal rate of interest of 6% per annum. Calculate the value of the investment in three years' time if interest is compounded (a) semi-annually, (b) monthly, (c) daily, (d) continuously

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