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The future value of a $1,000 investment today at 8% annual interest compounded semiannually for 5 years is: O A) $1,469 B) $1,480 C) $1,555 D) $1,520

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The future value of a $1,000 investment today at 8% annual interest compounded semiannually for 5 years is: O A) $1,469 B) $1,480 C) $1,555 D) $1,520

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Value in 5 years = 1,000(1 + 0.08/2)¹?

Value in 5 years = $1,480

Option B is correct

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The future value of a $1,000 investment today at 8% annual interest compounded semiannually for 5 years is: O A) $1,469 B) $1,480 C) $1,555 D) $1,520

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