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What is the future value of $1,000 in 18 years assuming an interest rate of 12 percent compounded semiannually? Multiple Choice $8,147.25 $7,689.97 $1,423.80 $1.241.92

What is the future value of $1,000 in 18 years assuming an interest rate of 12 percent compounded semiannually? Multiple Choice $8,147.25 $7,689.97 $1,423.80 $1.241.92 $7.739.89

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