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You have been given $100000 as an inheritance. If you invest it for10 years at the following
rates, what is the future value? What are the Effective Rates for each?
a. I. 10% compounded monthly
b. I. 10% compounded quarterly
c. I. 10% compounded continuously for
d. 10% simple interest yearly
Effective Rate A:
Effective Rate B:
Effective Rate C:

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You have been given $100000 as an inheritance- If you invest it for10.pdf

  • 1. You have been given $100000 as an inheritance. If you invest it for10 years at the following rates, what is the future value? What are the Effective Rates for each? a. I. 10% compounded monthly b. I. 10% compounded quarterly c. I. 10% compounded continuously for d. 10% simple interest yearly Effective Rate A: Effective Rate B: Effective Rate C: