Hampton Nichols
08/27/2024 · Senior High School
(b) \( \$ 7500 \) invested for 2 years at \( 5.5 \% \) compounded monthly. (c) \( \$ 5000 \) invested for 5 years compounded anually at \( 7.5 \% \)
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(b) The future value of $7500 invested for 2 years at 5.5% compounded monthly is approximately $8369.98.
(c) The future value of $5000 invested for 5 years at 7.5% compounded annually is approximately $7178.15.
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