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Suppose that the interest rate is 4 percent. Instructions: Round your answers to 2 decimal places. a. What is the future value of $100 five

Suppose that the interest rate is 4 percent. Instructions: Round your answers to 2 decimal places. a. What is the future value of $100 five years from now? $ . b. How much of the future value is total interest? $ . c. By how much would total interest be greater at an interest rate of 6 percent than at an interest rate of 4 percent? $ .

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