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Please explain how you came to your answers, please. Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to
Please explain how you came to your answers, please.
Paul Spear invested $13,000 today in a fund that earns 10% compounded annually. Click here to view factor tables To what amount will the investment grow in 4 years? To what amount would the investment grow in 4 years if the fund earns 10% annual interest compounded semiannually? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to decimal places, eg. 458,581.) Investment at 10% annual interest Investment at 10% annual interest, compounded semiannuallyStep by Step Solution
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