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Determine the future value of $12,000 under each of the following sets of assumptions: (Use FV of $1) (Round FV Factors to 5 decimal places
| Determine the future value of $12,000 under each of the following sets of assumptions: (Use FV of $1)(Round "FV Factors" to 5 decimal places and final answers to the nearest dollar amount.) |
| Annual Rate | Period Invested | Interest Compounded | Future Value | |||||
| 1. | 12 | % | 10 | years | Semiannually | $ | ||
| 2. | 8 | 5 | years | Quarterly | $ | |||
| 3. | 12 | 40 | months | Monthly | $ | |||
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
