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What is the future value of an investment of $3,000 after three years with compounding at the following rates and frequencies: a) 8.75 percent compounded
What is the future value of an investment of $3,000 after three years with compounding at the following rates and frequencies:
a) 8.75 percent compounded monthly.
b) 8.625 percent compounded daily.
c) 8.5 percent compounded continuously.
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