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A deposit of $1,000 earns a return of 6.0% compounded monthly (monthly interest rate=0.5%) for 10 years. The future value is closest to: $1,819.40 $1,088,187.75

A deposit of $1,000 earns a return of 6.0% compounded monthly (monthly interest rate=0.5%) for 10 years. The future value is closest to:

$1,819.40

$1,088,187.75

$1,790.85

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