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What is the future value of $700 in 22 years assuming an interest rate of 11 percent compounded semiannually? Multiple Choice $863.03 $6,953.50 $7,382.55 $7,013.42

What is the future value of $700 in 22 years assuming an interest rate of 11 percent compounded semiannually? Multiple Choice $863.03 $6,953.50 $7,382.55 $7,013.42 $988.30

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