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What is the value of a savings account started with $1,700, earning 6 percent (compounded annually) after 5 years? Use Exhibit1B-1. (Round time value factor

image text in transcribed What is the value of a savings account started with $1,700, earning 6 percent (compounded annually) after 5 years? Use Exhibit1B-1. (Round time value factor to 3 diecimal places and final answer to 2 decimal places. Omit the "\$" sign in your response.) Savings account value

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