Question: *Please show work* 1 3. To what amount would $12,100 grow after 3 years if it earned 2.5% compounded monthly? 4 5. Assume that a

*Please show work* 1 3. To what amount would $12,100 growafter 3 years if it earned 2.5% compounded monthly? 4 5. Assume

*Please show work*

1 3. To what amount would $12,100 grow after 3 years if it earned 2.5% compounded monthly? 4 5. Assume that a $10,000 investment can earn 3% compounded quarterly. What will be its future value after: a. 15 years? b. 20 years? c. 25 years? d. 30 years

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