Calculate the future vale of $2000 in a. 5 years at an interest rate of 5% per year b. 10 years a
Question: Calculate the future vale of $2000 in
a. 5 years at an interest rate of 5% per year
b. 10 years at an interest rate of 5% per year
c. 5 years at an interest rate of 10% per year
d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
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Deliverables: Word Document
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