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Future values For the case shown in the following table, calculate the future value of the single cash flow deposited today and held until the

Future values

For the case shown in the following table, calculate the future value of the single cash flow deposited today and held until the end of the deposit period if the interest is compounded annually at the rate specified.

Single cash flowInterest rateDeposit period (years)

$12,000 12% 4

The future value is $ ? (Round to the nearest cent.)

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