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How much will $7,000 invested at the end of each year grow to in 3 years, assuming an interest rate of 12% compounded annually? (FV
How much will $7,000 invested at the end of each year grow to in 3 years, assuming an interest rate of 12% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.)
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$23,621
$25,200
$21,621
$29,503
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