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Youve located an investment that pays 12 percent per year. That rate sounds good to you, so you invest $400. How much will you have

Youve located an investment that pays 12 percent per year. That rate sounds good to you, so you invest $400. How much will you have in three years? How much will you have in seven years? At the end of seven years, how much interest will you have earned? How much of that interest results from compounding?

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