How much will an investment of 9 000 be worth
How much will an investment of $ 9,000 be worth at the end of five years if it earns?
A. 3 percent interest compounded monthly?
B. 4 percent interest compounded monthly?
C. 3 percent interest compounded semimonthly?
D. 4 percent interest compounded semimonthly?
E. Explain the difference between part A and part C.
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