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Question 7 If 11,000 dollars is invested at an interest rate of 10 percent per year, find the value of the investment at the end

Question 7

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If 11,000 dollars is invested at an interest rate of 10 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. (a) Annual: Your answer is (b) Semiannual: Your answer is (c) Monthly: Your answer is (d) Daily: Your answer is (e) Continuously: Your answer is

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