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Reese Hills
10/09/2023 · Primary School

Find the amount of an investment of \( \$ 4,000 \) at \( 5 \% \) annual interest, compounded monthly, after 6 years. If \( \$ 10,000 \) is invested at \( 9 \% \) annual interest compounded quarterly, what will the value be after 8 years? How much will \( \$ 3,000 \) be worth after 10 years if it invested at \( 7 \% \) interest compounded semi-annually? Find the future value of an investment of \( \$ 6,000 \) at an annual interest rate of \( 5 \% \), compounded daily, for 4 years

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1. $4,000 at 5% annual interest, compounded monthly, after 6 years: $5,396.07 2. $10,000 at 9% annual interest, compounded quarterly, after 8 years: $20,381.03 3. $3,000 at 7% interest, compounded semi-annually, after 10 years: $5,969.37 4. $6,000 at 5% annual interest, compounded daily, for 4 years: $7,328.32

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