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What is the value of investment after 5 years

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Reference no: EM132382505

Christopher Thompkins must decide how to invest $15,000 that he just inherited. What would be the future value of his investment after 5 years under each of the following two investment opportunities?

a. 6.29 percent compounded quarterly.

What is the value of investment after 5 years?

b. 6.12 percent compounded monthly.

What is the value of investment after 5 years?

Reference no: EM132382505

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