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[Solution Library] Calculate the future vale of $2000 in 5 years at an interest rate of 5% per year 10 years at an interest rate of 5% per year 5 years at an interest

Question: Calculate the future vale of $2000 in

  1. 5 years at an interest rate of 5% per year
  2. 10 years at an interest rate of 5% per year
  3. 5 years at an interest rate of 10% per year
  4. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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