Calculate the future value of $1,000 in
A. 4 years at an interest rate of 10% per year?
B. 8 years at an interest rate of 10%per year?
C. 4 years at an interest rate of 20% per year?
D. Why is the amount of interest earned in Part (a) less than half the amount of interest in part(b). Round answers to nearest dollar.
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