You wish to deposit $7,000 in an account at the Shylock Bank The bank pays interest at a nominal annual rate of 10 compounded monthly What is the future value in the account after seven years O $14,726 68 0 $13,975 47 0 $14,055 44 O $13,641 02 0 $13,336 23

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You wish to deposit $7,000 in an account at the Shylock Bank  The bank pays interest at a nominal annual rate of 10  compounded monthly  What is the future value in the account after seven years  O $14,726 68 0 $13,975 47 0 $14,055 44 O $13,641 02 0 $13,336 23

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Question

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded monthly.

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded monthly. What is the future value in the account after seven years? O $14,726.68 0 $13,975.47 0 $14,055.44 O $13,641.02 0 $13,336.23

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