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1. If a nurse deposits $1,000 today in a bank account and the interest is compounded annually at 12%, what will be the value of

1. If a nurse deposits $1,000 today in a bank account and the interest is compounded annually at 12%, what will be the value of this investment: (Chapter 18) a) five years from now? $1,000FVF(12%,5) Use Table 18-1 on page 405 b) ten years from now? $1,000FVF(12%,10) c) fifteen years from now? $1,000FVF(12%,15) d) twenty years from now? $1,000FVF(12%,20)

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