Question: Use the compound interest formula to determine the final value of the following amount. $1700 at 12.2% compounded monthly for 4.5 years . . .

Use the compound interest formula to determine the final value of the following amount. $1700 at 12.2% compounded monthly for 4.5 years . . . What is the final value of the amount? EA (Simplify your answer. Round to the nearest cent.)

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