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Suppose $16,000 is invested at an annual rate of 3% for 16 years. Find the future value if interest is compounded as follows. a. Annually

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Suppose $16,000 is invested at an annual rate of 3% for 16 years. Find the future value if interest is compounded as follows. a. Annually b. Quarterly c. Monthly d. Daily (365 days) e. Continuously a Compounded annually, the future value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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