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You invest $2100 in an account that pays an APR of 9%. The numbers of times the investment is compounded each year makes a

You invest $2100 in an account that pays an APR of 9%. The numbers of times the investment is compounded each

You invest $2100 in an account that pays an APR of 9%. The numbers of times the investment is compounded each year makes a difference in the final balance.. (a) What is the value of the investment after three years if interest is compounded yearly? Round your answer to the nearest cent. The value of the investment after three years is $ 2.964.32 x (b) What is the value of the investment after three years if interest is compounded monthly? Round your answer to the nearest cent. The value of the investment after three years is $ 3,005.95 x

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