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3 calculate the future value of 2000 in a 5...

Question: 3 calculate the future value of 2000 in a 5...

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3. Calculate the future value of $2000 in a. 5 years at an interest rate of 5% per year. b, 10 years at an interest rate of 5% per year c. 5 years at an interest rate of 10% per year. d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?

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