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You have $16,000 that you wish to invest for five years in an investment that is expected to pay 7.25% APR. How much will you
You have $16,000 that you wish to invest for five years in an investment that is expected to pay 7.25% APR. How much will you have available when you cash out in five years if compounding is done:
a. Annually b. Semiannual (twice per year) c. Quarterly d. Monthly e. Weekly f. Continously
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