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What is the future value, ten years from now, of $1,000 invested today at a periodic interest rate of 1% compounded monthly? A)$3,300.39 B)$5,400.39 C)$745.37

What is the future value, ten years from now, of $1,000 invested today at a periodic interest rate of 1% compounded monthly?

A)$3,300.39

B)$5,400.39

C)$745.37

D)$1,100

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