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You lupe ! Mos Homework Problem 14-7 Compounding Dividend Amounts [LO14-3] Ca:| Patterson likes investing in stocks that any dividends. Car owns 185 shares of a local utility company. The stack nays e regular annual dividend in the amount of 54.75 per share, and the company has indicated that the div dend will stay the same for a long time. If Carl reinvests his dividends each year and the dividends carn : return of 6 percent each year how much will Card accumulate in 14 years? Use Exhibit 1-8 (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value annuity