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6. [-12 Points) DETAILS SMITHNM13 11.7.016. 0/2 Submissions Used Classify the financial problem. Assume a 11% Interest rate compounded annually. Find the value of a

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6. [-12 Points) DETAILS SMITHNM13 11.7.016. 0/2 Submissions Used Classify the financial problem. Assume a 11% Interest rate compounded annually. Find the value of a $1,000 certificate in 6 years. O future value O ordinary annuity O sinking fund O present value O amortization Answer the question. (Round your answer to the nearest cent.) Submit

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