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If you invest $9,000 today, how much will you have: a. In 2 years at 9 percent? b. In 7 years at 12 percent? c. In 25 years at 14 percent? d. In 25 years at 14 percent (compounded semiannually)?
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There are different answers depending whether the interest is being compounded daily, monthly, yearly, etc. How often is the interest compounded in #a-c?
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