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    Compound Interest

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    To what amount will the following investments accumulate?

    a. $5,000 invested for 10 years at 10 percent compounded annually
    b. $8,000 invested for 7 years at 8 percent compounded annually
    c. $775 invested for 12 years at 12 percent compounded annually
    d. $21,000 invested for 5 years at 5 percent compounded annually

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    https://brainmass.com/business/interest-rates/compound-interest-233282

    Solution Preview

    Please see attached file
    To what amount will the following investments accumulate?

    a.  $5,000 invested for 10 years at 10 percent compounded annually
    b.  $8,000  invested for 7 years ...

    Solution Summary

    Finds the future value of a lump sum and annuity.

    $2.19

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