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Consider the following investment. (Round your answers to the nearest cent.) $4,000 at 7% compounded annually for 12 years (a) Find the future value of

Consider the following investment. (Round your answers to the nearest cent.)

$4,000 at 7% compounded annually for 12 years

(a) Find the future value of the given amount. $ = (b) Interpret the future value of the given amount.

After 12 years, the investment is worth $ =

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