Calculate the future value at the end of year four

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Problem 1: An investment of $14,000 is growing at 6% compounded semi-annually. Calculate the maturity value at the end of year 1.

Problem 2: If the interest rate changed to 4% compounded monthly at the end of year 1, calculate the future value at the end of year 4. Calculate the total interest earned.

Reference no: EM132709609

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