Determine the future value of $1,200 after 4 years under the following assumptions: a) Interest...
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Determine the future value of $1,200 after 4 years under the following assumptions: a) Interest is compounded annually at 12% b) Interest is compounded semiannually at 12% c) Interest is compounded quaterly at 16% d) Interest is compounded monthly at 24%
a) Interest is compounded annually at 12%
b) Interest is compounded semiannually at 12%
c) Interest is compounded quaterly at 16%
d) Interest is compounded monthly at 24%
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