Question: 2 . Compute the future value of $ 1 , 2 5 0 . 0 0 compounded annually for a . 1 0 years at

2. Compute the future value of $1,250.00 compounded annually for
a.10 years at 5 percent
b.10 years at 10 percent
c.20 years at 5 percent
d. Why is the interest earned in part (c) not twice the amount earned in part (a)?

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