Question 662186
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Hi,
 In General {{{A = P(1+r/n)^(nt)}}}
A = Accumulated Amount
P= principal = 40,000
r= annual rate = .12 0r .14
n= periods per year = 4 0r 2
t= years = 5
 {{{A= 40000(1.03)^(20)}}} 0r   {{{A= 40000(1.07)^(10)}}}
   $72,244,45  0r $78,686.05
check the arithmetic and make Your conclusion