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We are investing $ 1 5 , 0 0 0 at an interest rate of 6 % , compounded annually for a period of 1

We are investing $15,000 at an interest rate of 6%, compounded annually for a period of 12 years. We want to calculate the future value of this investment.
Table B.1, Present Value of $1: i=6%, n=12, PV factor =.5066
Table B.2 Future Value of $1: i=6%, n=12, FV factor =2.0122
Table B.3 Present value of an Annuity: i=6%, n=12, PV factor =4.1114
Table B.4 Future Value of an Annuity: i=6%, n=12, FV factor =8.1152
What is the future value of the investment?

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