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Sam wants to invest $5,000 for 5 years. Which one of the following rates will provide him with the largest future value? 1) 6 percent

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Sam wants to invest $5,000 for 5 years. Which one of the following rates will provide him with the largest future value? 1) 6 percent interest, compounded annually 2) 5 percent interest, compounded annually 3) 7 percent interest, compounded daily 4) 7 percent interest, compounded annually 5) 5 percent simple interest

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