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Llvestment after five years if interest is compounded monthly Round your The value of the investment after five years is $ 5. [-11 Points] DETAILS

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Llvestment after five years if interest is compounded monthly Round your The value of the investment after five years is $ 5. [-11 Points] DETAILS CRAUDQL3 4.1.022B. Assume that an investment of $7000 earns an APR of 6% compounded monthly for 16 months. How much interest has been earned? (Round your answer to the nearest cent.) $

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