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question 21 financial management hat is the future value in six years of $1,000 invested in an account with a stated annual interest rate of

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question 21 financial management

hat is the future value in six years of $1,000 invested in an account with a stated annual interest rate of 9 percent. a. Compounded annually? b. Compounded semiannually? c. Compounded monthly? d. Compounded continuously? e. Why does the future value increase as the compounding period shortens

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