Question: Calculating Future Values Compute the future value of $ 1 , 6 4 0 compounded annually for:a . 1 0 years at 5 percent.b .

Calculating Future Values Compute the future value of $1,640 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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