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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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