Question: 1. Future Value What is the future value in 11 years of $1,000 invested in an account with an APR of 8.9 percent: a. Compounded

1. Future Value What is the future value in 11 years of $1,000 invested in an account with an APR of 8.9 percent: a. Compounded annually? b. Compounded semiannually? c. Compounded monthly? d. Compounded continuously? e. Why does the future value increase as the compounding period shortens

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