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P 3-22 (similar to) Calculate the future value of $6,000 in a. Four years at an interest rate of 8% per year. b. Eight years

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P 3-22 (similar to) Calculate the future value of $6,000 in a. Four years at an interest rate of 8% per year. b. Eight years at an interest rate of 8% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)

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