Business, 13.07.2021 18:20, bryan334

You have been paying $1000 every month for 6 years to a friend of yours who is extremely lazy to find a job. The annual interest rate is 9%. What is the worth of your money after 6 years with: a) Annual compounding
b) Every-six-months compounding

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You have been paying $1000 every month for 6 years to a friend of yours who is extremely lazy to fin...