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The future value of $7,000 deposited today and compounded quarterly at a 16% annual interest rate for five years is a. $8,517. b. $14,702. c.

The future value of $7,000 deposited today and compounded quarterly at a 16% annual interest rate for five years is

a. $8,517.

b. $14,702.

c. $15,338.

d. $14,724.

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