Question: 1. Multiple compounding periods : Find the future value of an investment of $2,500 made today for the following rates and periods: a. 6.25 percent

1. Multiple compounding periods: Find the future value of an investment of $2,500 made today for the following rates and periods:

a. 6.25 percent compounded semiannually for 12 years

b. 7.63 percent compounded quarterly for 6 years

c. 8.9 percent compounded monthly for 10 years

d. 10 percent compounded daily for 3 years

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