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Principal, $7000, is invested at 9% interest for eight years. Determine its future value if the interest is compounded (a) annually (b) semi-annually (c) monthly

  • Principal, $7000, is invested at 9% interest for eight years. Determine its future value if the interest is compounded
  • (a) annually
    (b) semi-annually
    (c) monthly
    (d) continuously

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