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(1 point) The DeHaven family, tracing lineage back to the American Revolution, claims that in December 1777 their ancestor Jacob DeHaven loaned George Washington $450,000

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(1 point) The DeHaven family, tracing lineage back to the American Revolution, claims that in December 1777 their ancestor Jacob DeHaven loaned George Washington $450,000 in gold and supplies which helped turn the tide of the war. Recall that the future value of a loan is hula)\" of initial value V0 invested at annual rate r compounded n times per year for t years. In 1989 (as well as several points during the 19th century), the descendants wished to claim compensation for this princely sum and assumed a 6% interest rate compounded monthly. How much did the family request as the value of the loan? $

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