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This set of problems is designed to be calculated using the Excel or financial calculator.

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This set of problems is designed to be calculated using the Excel or financial calculator.
You can also use algebraic formulas. Do not use financial tables to calculate these problems.

To what amount will the following investment accumulate?

$7,103, invested today for 11 years at 11.63 percent, compounded monthly.

Round the answer to two decimal places.

Your Answer:

 
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