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What is the future value of $9,500 in 8 years? Use a nominal rate (monthly compounding) of 8.25%. Group of answer choices $19,948 $18,339 $16,991
What is the future value of $9,500 in 8 years? Use a nominal rate (monthly compounding) of 8.25%.
Group of answer choices
$19,948
$18,339
$16,991
$19,273
$19,651
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