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Present value: $12,988.90 Length of time: 5 years Rate: 8% Compounded: Quarterly Period used: 20 Rate used: 2% FV factor used: Future value: Find the
Present value: $12,988.90 
Find the future value. (Use the Table 121) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) Length of time: 5 years
Rate: 8%
Compounded: Quarterly
Period used: 20
Rate used: 2%
FV factor used:
Future value:
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Financial Accounting
Authors: Kermit D. Larson, Paul B. W. Miller
5th Edition
0256091935, 978-0256091939
