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You are quoted an interest rate of 12% on an investment of $1000. What is the value of your investment after five years if interest

You are quoted an interest rate of 12% on an investment of $1000. What is the value of your investment after five years if interest is compounded as follows? (Check the PS1 supplement for help on this.) Write your answer to the nearest dollar (XXXX).

Value if interest is compounded MONTHLY

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