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What is the future value of $1,000 in 16 years assuming an interest rate of 10 percent compounded semiannually? Multiple Choice $4,764.94 $4,526.69 $4,594.97 $1,327.53
What is the future value of $1,000 in 16 years assuming an interest rate of 10 percent compounded semiannually?
Multiple Choice
$4,764.94
$4,526.69
$4,594.97
$1,327.53
$1,191.04
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