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What is the value of the investment today for maria

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Reference no: EM132838401

Problem 1: Twenty-five years ago, Maria invested $10000 in an account paying an annual interest rate of 5.75 per cent. What is the value of the investment today? What is the interest-on-interest earned on this investment?

Problem 2: What is the future value of an investment of $3,000 for 3 years compounded at the following rates and frequencies?

a. 8.75% compounded monthly.
b. 8.625% compounded daily.
c. 8.5% compounded continuously.

Reference no: EM132838401

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