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What is the future value of $20,000 received today if it is placed in account that pays an annual percent (APR) of 6% per year
What is the future value of $20,000 received today if it is placed in account that pays an annual percent (APR) of 6% per year (APR) with monthly compounding for a period of 10 years?
- $33,769
- $36,388
- $40,501
- $46,204
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