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Which comes closest to the future value of $ 525 to be received at the end of 7 years, if the amount earns an annual
Which comes closest to the future value of $525 to be received at the end of 7 years, if the amount earns an annual interest rate of 4% and is compounded 12 times per year?
| $694.32 | ||
| $546.00 | ||
| $690.86 | ||
| $396.97 | ||
| $398.96 |
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