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You expect to receive $1,000 at the end of the next 3 years. You will deposit these payments into a account which pays 10 percent

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You expect to receive $1,000 at the end of the next 3 years. You will deposit these payments into a account which pays 10 percent compounded semiannually. What is the future value of these payments, that is, the value at the end of the third year? $3,310 $3,401 $3,000 $3,438 $3,318

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