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Please answwr the followinf question. Please provide any formulas, steps and explanation where necessary. 3. Determine and compare the future value on a savings of

Please answwr the followinf question.

Please provide any formulas, steps and explanation where necessary.

3. Determine and compare the future value on a savings of $2,000 for 4 years (N), at 10% (rate per compounding period), with compounding periods of annual, semi-annual, and quarterly

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