Find the compound amount and the compound interest

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a) Need to find the future value of a $15,000 money market investment at 2.8% annual interest compounded daily for three years.

b) How much should be invested now to have $15,000 in six years if interest is 4% compounded quarterly?

c) A loan of $8,000 for two acres of woodland is compounded quarterly at an annual rate of 6% for ?ve years. Find the compound amount and the compound interest.

Reference no: EM131529268

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