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Your grandmother iust gave you $7,000. You'd like to see how much it might grow if you invest it. a. calculate the future value of

Your grandmother iust gave you $7,000. You'd like to see how much it might grow if you invest it. a. calculate the future value of $7,000, given that it will be invested for five years at an annual interest rate of 6 percent b. Re-calculate part a using a compounding period that is 1) semiannual and 2) bimonthly

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