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What is the future value of $1,000 that earns 6% with interest compounded semi-annually for 5 years? Group of answer choices $1,113 $580 $1,623 $1,344

What is the future value of $1,000 that earns 6% with interest compounded semi-annually for 5 years?

Group of answer choices

$1,113

$580

$1,623

$1,344

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