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Jason Spear invested $16,000 today in a fund that earns 10% compounded annually. Click here...

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Accounting

Jason Spear invested $16,000 today in a fund that earns 10% compounded annually. Click here to view factor tables. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 10% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment at 10% annual interest Investment at 10% annual interest, compounded semiannually

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