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What is the future value of $1,000 in 20 years assuming an interest rate of 7 percent compounded semiannually? Multiple Choice $1,138.80 $1.237.53 $3,761.30 $3,869.68

What is the future value of $1,000 in 20 years assuming an interest rate of 7 percent compounded semiannually? Multiple Choice $1,138.80 $1.237.53 $3,761.30 $3,869.68 $3,959.26

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