Question: Classify the financial problem. Assume a 9% interest rate compounded annually. Find the value of a $1,000 certificate in 6 years. O amortization O present

Classify the financial problem. Assume a 9% interest rate compounded annually.

Classify the financial problem. Assume a 9% interest rate compounded annually. Find the value of a $1,000 certificate in 6 years. O amortization O present value O sinking fund O ordinary annuity O future value Answer the question. (Round your answer to the nearest cent.) $

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