Question: your client has security that originally cost $1,000.00. this security grows at a rate of 16.80% compounded monthly. the security will mature in 18 months.

your client has security that originally cost $1,000.00. this security grows at a rate of 16.80% compounded monthly. the security will mature in 18 months. calculate the value of the security at maturity, i.e., calculate the future value of the security.

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