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Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time.

Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time. HINT [See Example 1.]

5% per year, compounded quarterly (4 times/year), after 8 years

FV = $ _______

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