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How much will $17,000 grow to in five years, assuming an interest rate of 20% compounded quarterly? Note: Use tables, Excel, or a financial calculator.

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How much will $17,000 grow to in five years, assuming an interest rate of 20% compounded quarterly? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ). Multiple Choice $45,106 $24,480 $32,420 $18,700

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