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What would be the future value if the interest rate is a

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Reference no: EM13337713

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. 

a. What would be the future value if the interest rate is a simple interest rate? 

b. What would be the future value if the interest rate is a compound interest rate? 

Reference no: EM13337713

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