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Problem 5-16 Calculating Future Values (LO 4) What is the future value of $1,720 in 14 years assuming an interest rate of 7.25 percent compounded

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Problem 5-16 Calculating Future Values (LO 4) What is the future value of $1,720 in 14 years assuming an interest rate of 7.25 percent compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value

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