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What will be the future amount accumulated by each of the following present investments? (a) $7000 in 8 years at 7% compounded semiannually. Answer :

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What will be the future amount accumulated by each of the following present investments? (a) $7000 in 8 years at 7% compounded semiannually. Answer : $ (b) $11000 in 11 years at 12% compounded quarterly. Answer: $ (c) $8000 in 8 years at 12% compounded monthly Answer: $

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