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You invest $100,000 in an account that pays a 15% return and you invest it for three years. a. How much do you have at

You invest $100,000 in an account that pays a 15% return and you invest it for three years.

a. How much do you have at the end of the three years if it pays interest annually?

b. How much do you have at the end of five years if it pays interest annually?

c. What is the effective interest rate for part A

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