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    Exam 8: Compound Interest: Future Value and Present Value
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    What Amount Invested Today Would Grow to $10,000 After 25
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What Amount Invested Today Would Grow to $10,000 After 25

Question 67

Question 67

Short Answer

What amount invested today would grow to $10,000 after 25 years if the investment earns: a. 8% compounded annually? b. 8% compounded semiannually?
c. 8% compounded quarterly?
d. 8% compounded monthly?

Correct Answer:

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a) $1460.1...

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