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What is the value of the following investments five years from now at an interest rate of 8 percent per year? $100 invested today with

  1. What is the value of the following investments five years from now at an interest rate of 8 percent per year?

    1. $100 invested today with interest compounded annually.

    2. $100 invested today with interest compounded quarterly.

    3. $100 invested today with interest compounded monthly.

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