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Find the value of a $1,000 certificate in 4 4 years if the interest rate is 4% compounded monthly. 2 (a) State the type. O

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Find the value of a $1,000 certificate in 4 4 years if the interest rate is 4% compounded monthly. 2 (a) State the type. O amortization O ordinary annuity O present value O sinking fund O future value (b) Answer the question. (Round your answer to the nearest cent.) $

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