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Whats the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually? (Hint: Interest rate is compounded semiannually. Read

Whats the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually? (Hint: Interest rate is compounded semiannually. Read chapter 5 class notes if you are not sure of how to solve this problem.) a. $1,819 b. $1,915 c. $2,016 d. $2,117 e. $2,223

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