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You invest $10,000 in a fund that pays 7% per year for 5 years. How much is in the fund at the end of 5
You invest $10,000 in a fund that pays 7% per year for 5 years. How much is in the fund at the end of 5 years if (forgetting leap years and making convenient assumptions):
a) compounding is annual?
b)compounding is quarterly?
c)compounding is monthly?
d)compounding is daily?
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