Question: 2. Calculating Future Values Compute the future value of $1,000 compounded annually for a. 10 years at 6 percent. b. 10 years at 12 percent.

2. Calculating Future Values Compute the future value of $1,000 compounded

2. Calculating Future Values Compute the future value of $1,000 compounded annually for a. 10 years at 6 percent. b. 10 years at 12 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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