Question: 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)

  1. 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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