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(Future value of an ordinary annuity) What is the future value of $490 per year for 8 years compounded annually at 11 percent? The future

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(Future value of an ordinary annuity) What is the future value of $490 per year for 8 years compounded annually at 11 percent? The future value of $490 per year for 8 years compounded annually at 11 percent is $ (Round to the nearest cent.)

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