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Example: What is the future value of $8,000 12 years from now with a 6% interest rate? Correct Answer: FV-(8000)*(1+0.06)^(12)- $16,097.6

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Example: What is the future value of $8,000 12 years from now with a 6% interest rate? Correct Answer: FV-(8000)*(1+0.06)^(12)- $16,097.6

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