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Determine the future value of $12,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of
Determine the future value of $12,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.):
Rate | Perioid Invested | Intrest compounded | i= | n= | Present Value | FutureValue | |
1 | 12% | 10 Years | Semiannually | ? | ? | $12,000 | ? |
2 | 8% | 3 Years | Quarterly | ? | ? | $12,000 | ? |
3 | 12% | 25 Months | Monthly | ? | ? | $12,000 | ? |
Please help fill in the blanks (?) also show me how you caluated the answer?
Thank You
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