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Phillip Roehl, owner of the Roehl Hotel, desires to know how much each investment will grow to at the end of its life. The investments
Phillip Roehl, owner of the Roehl Hotel, desires to know how much each investment will grow to at the end of its life. The investments are as follows: $10,000 invested today for ten years, with annual interest of 8 percent compounded annually, $5,000 invested today for five years, earning annual interest of 10 percent compounded semi-annually, & $8,000 invested in one year for four years, earning annual interest of 12 percent compounded quarterly.
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