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With regard to compound interest, a sum of $800,000 has been placed in an investment project. Determine the compound amount after 4 years where interest

With regard to compound interest, a sum of $800,000 has been placed in an investment project. Determine the compound amount after 4 years where interest rate is 10% per year compounded:

a. semi-annually

b. quarterly

c. Under which compounding plan semiannually or quarterly, is total interest higher?

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