What is the future worth in five years, Microeconomics

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What is the future worth in five years

Problem

The interest rate is 16% per year and there are 48 compounding periods per year. The principal is $50,000. What is the future worth in 5 years?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the future worth in five years

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Microeconomics: What is the future worth in five years

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