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Steve allen invested 10000 today in a fund that earns 8

Question - Steve Allen invested $10,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually?

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Accounting Basics: Steve allen invested 10000 today in a fund that earns 8

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