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  3. [b] which of the two situations below will result

[B] Which of the two situations below will result to a larger future value? Show...

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Accounting

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[B] Which of the two situations below will result to a larger future value? Show your calculations (i) $1000 invested for 2 years at 10 percent interest each year compounded annually, or (2 marks) (ii) $1000 invested for 2 years at 5 percent interest for the first year and 15 percent interest for the second year (2 marks)

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