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3. What's the future value of $1,200 after 5 years if the appropriate interest rate is 9.6 percent, compounded monthly? Round to the nearest integer.

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3. What's the future value of $1,200 after 5 years if the appropriate interest rate is 9.6 percent, compounded monthly? Round to the nearest integer. $2,121 $1,936 $3,001 $1,776

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