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If you invest $20,000 at an annual interest rate of 4.75%, compounded daily, calculate the future-value...

If you invest $20,000 at an annual interest rate of 4.75%, compounded daily, calculate the future-value (FV) of your investment over a 5-year period. Then, go back and calculate the future-value (FV) of your initial $20,000 investment with a discrete-quarterly compounded annual interest rate of 5.25%, over a 10-year period. Finally, all else equal, utilizing the second part of the example’s numeric values-calculate that initial $20,000 investment at the previous annual interest rate of 5.25%; but this time with continuous compounding.           

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Option 1 Invest $20,000 at an annual Interst rate of 4.75%, Compounded daily - 5 years Initail invest FV factor 20,000.00 1.2

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