Question: #12. What is the future value three years from now of $1,000 invested today in an account with a stated annual interest of 8 percent.

#12. What is the future value three years from now of

#12. What is the future value three years from now of $1,000 invested today in an account with a stated annual interest of 8 percent. (a) compounded annually (b) compounded semiannually (c) compounded monthly (d) compounded continuously

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