Chris Spear invested $16,700 today in a fund that earns 10% compounded annually. To what amount will the investment grow in 2 years? To what amount would the investment grow in 2 years if the fund earns 10% annual interest compounded semiannually?
a. Investment at 10% annual interest?
b. Investment at 10% annual interest, compounded semiannually?
Answers: 1
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