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Compound Interest
Question Group #1
Directions and/or Common Information:
You invest $1250 at a
rate
of 4.125%. Find the amount of money you would have after ten years if the money were compounded in each of the following ways.
Yearly
1.
Quarterly
2.
Monthly
3.
Daily
4.
Hourly
5.
Continuously
6.
C Gulliksen
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