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    Finite Mathematics and Applied Calculus
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    Exam 3: The Mathematics of Finance
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    Calculate, to the Nearest Cent, the Future Value of an Investment
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Calculate, to the Nearest Cent, the Future Value of an Investment

Question 40

Question 40

Short Answer

Calculate, to the nearest cent, the future value of an investment of $12,000 at 7% per year, compounded annually, after 11 years.
​
​FV​ = $__________

Correct Answer:

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