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What is the expected future value in five years

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Suppose I invest a lump amount of $5121.00 with a promised nominal rate of 5.78% per year. If interest compounds quarterly (4 times per year), what is the expected future value in 5 years? (answer in $s to 2 decimal places, xxxx.xx with no $ sign or comma needed)

Reference no: EM131315765

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