Why is the amount of interest earned

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Reference no: EM13257965

Calculate the future value of $8,000 in

A. Three years at an interest rate of 6% per year.

B. Six years at an interest rate of 6% per year

C. Three years at an interest rate of 12% per year

D. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?

Reference no: EM13257965

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