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)?
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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