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What is the future value of $500 invested at 8.94% compounded quarterly for 12.5 years (round to the nearest $1)? A. $1,617 B. $670 C.
What is the future value of $500 invested at 8.94% compounded quarterly for 12.5 years (round to the nearest $1)?
A. $1,617
B. $670
C. $1,510
D. $46,739
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