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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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