# Question

Compute the future value of $2,500 compounded annually for

a. 10 years at 6 percent

b. 10 years at 8 percent

c. 20 years at 6 percent

d. Why is the interest earned in part (c) not twice the amount earned in part (a)?

a. 10 years at 6 percent

b. 10 years at 8 percent

c. 20 years at 6 percent

d. Why is the interest earned in part (c) not twice the amount earned in part (a)?

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