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4. What is the future of $1,000 deposited today: A. We earn 5% compounded annually for 7 years. B. We earn 5% compounded semi -

4. What is the future of $1,000 deposited today:

A. We earn 5% compounded annually for 7 years.

B. We earn 5% compounded semi - annually for 7 years.

C. We earn 5% compounded quarterly for 7 years.

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