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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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