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You deposit $500 in an account earning 8% compound interest for 3 years. Find the future value and the interest earned for each of the
You deposit $500 in an account earning 8% compound interest for 3 years. Find the future value and the interest earned for each of the following compounding frequencies.
Frequency | Future Value | Interest Earned |
Annually | ||
Semiannually | ||
Quarterly | ||
Monthly | ||
Daily |
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