Determine the future value of an amount being compounded, Microeconomics

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Determine the future value of an amount being compounded

Problem

What changes must be made in the calculations to determine the future value of an amount being compounded at 8 percent semiannually versus one being compounded annually at 8 percent?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine the future value of an amount being compounded

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