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What will be the future value of $1,000 at the end of five years, if the annualized interest rate is 8% and the frequency of

What will be the future value of $1,000 at the end of five years, if the annualized interest rate is 8% and the frequency of compounding is quarterly? (Roundoff your answer to four decimal digits to have as accurate answer as possible on Canvas. Thanks!)

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