If a nurse deposits $1,000 today in a bank account and the interest is compounded annually at 12%, what will be the value of this investment: (Chapter 18)

a) five years from now? $1,000FVF(12%,5) Use Table 18-1 on page 426

b) ten years from now? $1,000FVF(12%,10)

c) fifteen years from now? $1,000FVF(12%,15)

d) twenty years from now? $1,000FVF(12%,20)