Question
Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the FV factor to 4 decimal places and final answer to
Find the future value. (Use the Table provided.) (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 | On FV Table 12.1 | FV factor used | Future value | |
| Period used | Rate used | ||||||
| $11,965.44 | 4 years | 12% | Quarterly | 16 | 3% | $ | |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To find the future value in the provided scenario you need to use the Future Value Factor...
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Step: 2
Step: 3
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
