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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.)
| Present value | Length of time | Rate | Compounded | Period used | Rate used | FV factor used | Future value |
| $4,770.37 | 7 years | 20% | Quarterly | 28 | 5% |
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