Compute the future value of 2000 in, Operation Management

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Calculate the future value of 2,000 in

1. 5 years at an interest rate of 6% per year

2. 10 years at an interest rate of 6% per year

3. 5 years at an interest rate of 7% per year

4. Why is the amount of interest earned in part (a) less than half the amount of earned interest?


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