Solved: What is the overall percentage rise over the given period, Microeconomics

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What is the overall percentage rise over the given period

Problem

1. A bank offers a return of 7% interest compounded annually. Find the future value of a principal of $4500 after 6 years. What is the overall percentage rise over this period?

2. Find the future value of $20 000 in 2 years' time if compounded quarterly at 8% interest

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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