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What is the future value of $600 in 16 years assuming an interest rate of 11 percent compounded semiannually? Multiple Choice $3,186.54 $727.23 $3,161.94 $3,328.36

What is the future value of $600 in 16 years assuming an interest rate of 11 percent compounded semiannually?

Multiple Choice

  • $3,186.54

  • $727.23

  • $3,161.94

  • $3,328.36

  • $819.41

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