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9. What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded monthly? * O a) $1,618.62 O b)

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9. What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded monthly? * O a) $1,618.62 O b) $1,699.55 Oc) $1,873.76 O d d) $2,023.27 O e) None of the above

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