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What is the value of investment by end of year three

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Reference no: EM133006045

Problem 1: What is the future value of an investment worth $6,250 for 9 years earning 6.1 percent compounded annually?

Problem 2: Your friend just invested $5,000 in an account that pays 3 percent simple interest over three years. What is the value of investment by end of year 3?

Reference no: EM133006045

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