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You just deposited $8,416 in an account. What is the future value in 1 years? Use a nominal rate (monthly compounding) of 7.00%. SET YOUR

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You just deposited $8,416 in an account. What is the future value in 1 years? Use a nominal rate (monthly compounding) of 7.00%. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES IN THE END. DO NOT ENTER THE DOLLAR SIGN. ENTER YOUR ANSWER AS A POSITIVE NUMBER

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