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What is the future value of $1,000 in 17 years assuming an interest rate of 7 percent compounded semiannually? Multiple Choice: $1,224.25 $1,132.51 $3,220.86 $3,158.82

What is the future value of $1,000 in 17 years assuming an interest rate of 7 percent compounded semiannually?

Multiple Choice:

$1,224.25
$1,132.51
$3,220.86
$3,158.82
$3,059.82

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