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Consider a lump sum of $800 today_(t=0). What is its future value 11 years later at an expected return of 9% per year? Note: Show

image text in transcribed Consider a lump sum of $800 today_(t=0). What is its future value 11 years later at an expected return of 9% per year? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67 )

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