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Calculate the future value of $ 8 , 0 0 0 in a . 7 years at an interest rate of 7 % per year.

Calculate the future value of $8,000 in
a.7 years at an interest rate of 7% per year.
b.14 years at an interest rate of 7% per year.
c.7 years at an interest rate of 14% per year.
d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
a.7 years at an interest rate of 7% per year.
The future value of $8,000 in 7 years at an interest rate of 7% per year is $
(Round to the nearest cent.)
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