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Using the future value tables, solve the following: Round your answers to two decimal places. What is the value on January 1, 2023, of $40,000

Using the future value tables, solve the following:

Round your answers to two decimal places.

What is the value on January 1, 2023, of $40,000 deposited on January 1, 2016, which accumulates interest at 12% compounded annually?

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