Business, 25.11.2020 01:00 Rodriguezi4971

Suppose you invest $1,600 for six years at an annual percentage rate of 9 percent. a. What is the future value if interest is compounded annually? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. What is the future value if interest is compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. What is the future value if interest is compounded monthly? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) d. What is the future value if interest is compounded continuously? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Suppose you invest $1,600 for six years at an annual percentage rate of 9 percent. a. What is the fu...

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