Question: Suppose a $ 1 2 , 0 2 7 loan has an annual compound interest rate of 3 . 5 % with semi - annual

Suppose a $12,027 loan has an annual compound interest rate of 3.5% with semi-annual compounding (twice per year). If the loan's term is 5 years, what is its future value?
Round your answer to the nearest dollar.

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