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Present and future value tables of $1 at 3% are presented below: N 1 2 FVA $1 1.0000 2.0300 3.0909 FVAD $1 1.0300 2.0909 3.1836
Present and future value tables of $1 at 3% are presented below: N 1 2 FVA $1 1.0000 2.0300 3.0909 FVAD $1 1.0300 2.0909 3.1836 PVAD $1 1.00000 1.97087 2.91347 3 4 4.1836 3.82861 5 6 FV $1 1.03000 1.06090 1.09273 1.12551 1.15927 1.19405 1.22987 1.26677 1.30477 1.34392 1.38423 PV $1 0.97087 0.94260 0.91514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.72242 PVA $1 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 6.23028 7.01969 7.78611 5.3091 6.4684 7.6625 8.8923 7 8 9 10 4.3091 5.4684 6.6625 7.8923 9.1591 10.4639 11.8078 13.1920 4.71710 5.57971 6.41719 7.23028 8.01969 8.78611 9.53020 10.25262 10.1591 11.4639 8.53020 9.25262 11 12.8078 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.95400 13 1.46853 0.68095 15.6178 10.63496 16.0863 14 17.0863 1.51259 1.55797 1.60471 0.66112 0.64186 0.62317 11.29607 11.93794 12.56110 15 18.5989 20.1569 17.5989 19.1569 20.7616 11.63496 12.29607 12.93794 16 At the end of each quarter, Patti deposits $1,100 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 3 years? At the end of each quarter, Patti deposits $1,100 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 3 years? Multiple Choice $16.340. $15.611 $16,868 $15,359
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