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If $8900 is invested at an interest rate of 10 percent per year, find the value of the investment at the end of 10 years for the following compounding methods. Give your answers to the nearest penny.

(a) Annual: Your answer is $
23057.70
Correct

(b) Semiannual: Your answer is $


(c) Monthly: Your answer is $


(d) Daily: Your answer is $



Answer :

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