Question: Find the following future values: Show work and round to two decimal place. a. The future value of a lump sum of $12,500 invested today

Find the following future values: Show work and round to two decimal place.

a. The future value of a lump sum of $12,500 invested today at 8 percent, annual compounding for 10 years.

b. The future value of a lump sum of $12,500 invested today at 8 percent, quarterly

compounding for 10 years.

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