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What would the future value of compound interest

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Reference no: EM131752765

What would the future value of $500 be after 5 years at 10% compound interest?

At 10% simple interest?

Suppose you currently have $3,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 2% interest compounded annually. How much will you have when the CD matures?

Reference no: EM131752765

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