Find the future value one year from now

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Reference no: EM13285953

1. Find the future value one year from now of a $7,000 investment at a 3% annual compound interest rate. Also calculate the future value if the investment is made for 2 years.

2. Find the future value of $10,000 investment now after five years of the annual interest rate is 8%
a. What would be the future value if the interest rate is a simple interest rate
b. What would be the future value if the interest rate is a compound interest rate

Reference no: EM13285953

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