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How much you will have accumulated in the account

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Reference no: EM133118471

1. You have $1,500 to invest today at 7% interest compounded for 3 years.

A) Calculate how much you will have accumulated in the account at the end of 3 years if the interest is compounded annually, semi-annually and monthly.

B) Compare the results obtained and explain in which one you received the highest interest return and why.

Reference no: EM133118471

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