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# Suppose $12,000 is invested at an annual rate of 4% for 16 years. Find the future value if interest is compounded as follows. a. Annually b. Quarterly c. Monthly d. Daily (365 days) e. Continuously

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## Suppose $12,000 is invested at an annual rate of 4% for 16 years. Find the future value if interest is compounded as follows. a. Annually b. Quarterly c. Monthly d. Daily (365 days) e. Continuously

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## r nt P1 7 P 12000 r 4 12000 r 4 004 and t 16 determine the value of A View the full answer

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