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You deposit $400 in an account earning 8% compound interest for 3 years. Find the future value and the interest earned for each of the following compounding frequencies.
Interest Earned
Frequency
Future Value (Final Amount)
(Difference between Final Amount and Initial Amount)
Annually.
S
Semiannually.
5
Quarterly.
5
S
Monthly:
5
5
Daily:
Enter an integer or decimal number [more]
Sagot :
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