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You plan to put $10,000 in a savings plan for 4 years. How much will you have at the end of 4 years with each
You plan to put $10,000 in a savings plan for 4 years. How much will you have at the end of 4 years with each of the following options? 1. Receive 10% APR, compounded daily. (2 marks) 2. Receive 10% APR, compounded monthly. (2 marks) 3. Receive 10.25% APR, compounded semi-annually. (2 marks) 4. Receive 10.50% APR, compounded annually. (2 marks)
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