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Find the future value of an investment

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Reference no: EM132933497

Question - Find the future value of an investment of $2,000 made today for the following rates and periods:

(If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your answers to the nearest penny.)

a. 6.25 percent compounded semiannually for 12 years.

b. 7.63 percent compounded quarterly for 6 years.

c. 8.9 percent compounded monthly for 10 years.

d. 10 percent compounded daily for 3 years.

e. 8 percent compounded continuously for 2 years.

Reference no: EM132933497

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