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Jenny Sherrer has $23,000 to invest and believes that she will earn8% compounded semiannually. Find the future value amounts if she invests for 4 years
Jenny Sherrer has $23,000 to invest and believes that she will earn8% compounded semiannually. Find the future value amounts if she invests for 4 years and for 6 years. Then find the additional amount earned due to the longer period. Use the accompanying future value table.
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