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You decide to deposit $7,000 at a local bank for two years at a 4% rate of interest compounded annually. What is the future

You decide to deposit $7,000 at a local bank for two years at a 4% rate of interest compounded annually. What is the future value of your investment? (Use the future value of $1 factor table provided). Excerpt of Future Value of $1 Table Periods 12345678 4% 1.0400 1.0816 1.1249 1.1699 1.2167 1.2653 1.3159 1.3686 OA. $7,874.30 B. $7,280.00 C. $7,000.00 D. $7,571.20

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