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What is the future value of $700 in 20 years assuming an interest rate of 7 percent compounded semiannually? A. 866.27 B. 2,708.78 C. 2,632.91

What is the future value of $700 in 20 years assuming an interest rate of 7 percent compounded semiannually?

A. 866.27

B. 2,708.78

C. 2,632.91

D. 2,771.48

E. 797.16

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