Question: How much will $29,000 grow to in two years, assuming an interest rate of 11% compounded annually? Note: Use tables, Excel, or a financial calculator.

How much will $29,000 grow to in two years, assuming an interest rate of 11% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1). Multiple Choice $35,731 $64,731 $35,380 $52,537

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