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Problem 3-12 Future Value of Savings [LO3-4] Kara Delaney received a $7,000 gift for graduation from a relative. If she deposits the entire amount in
Problem 3-12 Future Value of Savings [LO3-4] Kara Delaney received a $7,000 gift for graduation from a relative. If she deposits the entire amount in an account paying 4 percent, what will be the value of this gift in 11 years? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to the nearest whole number. Value of the gift in 11 years
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