Question: 5. What is the future value three years from now of $1000 invested in an account with a stated annual interest rate of 8%, if

 5. What is the future value three years from now of

5. What is the future value three years from now of $1000 invested in an account with a stated annual interest rate of 8%, if compounded monthly? Round off your final answer to three digits after the decimal point State your answer as 'x.xxx

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