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calculate the future value of $ 5 0 0 0 earning 5 percent after one year, assuming annual compounding. Now calculate the future value of

calculate the future value of $5000 earning 5 percent after one year, assuming annual compounding. Now calculate the future value of $5000 earning 5 percent after 20 years.
Refer to the FVIF table
The future value after one year is $____.
(Round to the nearest cent)

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