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What is the future value of $200 in 23 years assuming an interest rate of 13 percent compounded semiannually? Multiple Choice $3,442.20 $3,623.36 $302.31 $256.87

What is the future value of $200 in 23 years assuming an interest rate of 13 percent compounded semiannually?

Multiple Choice

  • $3,442.20

  • $3,623.36

  • $302.31

  • $256.87

  • $3,325.33

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