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What is the future value of a lump sum of $2,000 deposited today for 6 years at a rate of 12 percent compounded monthly? a.

What is the future value of a lump sum of $2,000 deposited today for 6 years at a rate of 12 percent compounded monthly?

a. $3,947.65

b. $2,123.04

c. $4,024.39

d. $4,094.20

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