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You deposit $400 in an account earning 7% coumpound interest for 5 years. Find the...

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Accounting

You deposit $400 in an account earning 7% coumpound interest for 5 years. Find the future value and the interest earned for each of the following compounding frequencies. Use the Bankers' Rule for daily compounding. Frequency Future Value Interest Earned Annually: Semiannually: Quarterly: Monthly: Daily:

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