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Question 7 (1 point) Find the future value of an initial $1,000 compounded for 2 years at 12%. O $1,240.00 $2,000.00 $880.00 $797.19 $1,254.40 Page

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Question 7 (1 point) Find the future value of an initial $1,000 compounded for 2 years at 12%. O $1,240.00 $2,000.00 $880.00 $797.19 $1,254.40 Page 7 of 10 Previous Page Next Page 07er Question 8 (1 point) Find the present value of $500 due. in 7 years at a discount rate of 6%. O$751.82 $332.53 $710.00 $470.00 $3,500.00 Page 8 of 10 Previous Page Next Page

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