Question: P6-16 Calculating Future Values (L01) What is the future value of $800 in 16 years assuming an interest rate of 6 percent compounded semiannually? Multiple

P6-16 Calculating Future Values (L01) What is the future value of $800 in 16 years assuming an interest rate of 6 percent compounded semiannually? Multiple Choice $888.48 O $2,032.28 $948.24 $1,957.06 $2,060.07

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