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You want to deposit $12,000 in a bank at an interest rate of 8 percent per year. What is the future value of this money after five years?
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You want to deposit $12,000 in a bank at an interest rate of 8 percent per year. What is the future value of this money after five years?

User Yuriy Tseretyan
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1 Answer

5 votes
$17,631.94 is the correct answer.
User Jacka
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