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A $7500 invested at 8% interest rate compounded monthly for 4 years. Determine the future value (round to two place decimal). [Hint: Future value-

A $7500 invested at 8% interest rate compounded monthly for 4 years. Determine the future value (round to two place decimal). [Hint: Future value- A = P(1+2) Future value= A/ Find the interest earned on the investment (round to two place decimal). Compound interest= A

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