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your hometown has been given $1000000 from the estate of a citizen. The gift stipulates that the money cannot be used for five full years
your hometown has been given $1000000 from the estate of a citizen. The gift stipulates that the money cannot be used for five full years but must be invested. If the money is invested at 6.7% annual interest, how much will be available in 5 years if it is compunded
a) Annually, b) Semiannually, C) Daily
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