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Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the FV factor to 4 decimal places and final answer to

Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.

On FV Table 12.1

Present value Length of time Rate Compounded Period used Rate used FV factor used Future value

$11,129.37 5 years 12 % Quarterly 20 3 %

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