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You are quoted an interest rate of 7% on an investment of $1 million. What is the value of your investment after five years if

You are quoted an interest rate of 7% on an investment of $1 million. What is the value of your investment after five years if interest is compounded as follows? (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

a. Annually

Future value$

b. Monthly

Future value$

c. Continuously

Future value

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