Question: Use the compound interest formula to determine the future value of the given principal P. $1000 at 8% compounded annually for 12 years $2331.64 $1518.17

Use the compound interest formula to determine the future value of the given principal P. $1000 at 8% compounded annually for 12 years $2331.64 $1518.17 $2719.62 $2518.17

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