Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) On FV Table 12.1 Present value Length of time Rate Compounded Period used Rate used FV factor used Future value $12,309.66 6 years 8% Quarterly 24

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places
and final answer to the nearest cent.)
On FV Table 12.1
Present value
Length of time
Rate
Compounded
Period used
Rate used
FV factor used
Future value
$12,309.66
6 years
8%
Quarterly
24
2%
Transcribed Image Text:Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) On FV Table 12.1 Present value Length of time Rate Compounded Period used Rate used FV factor used Future value $12,309.66 6 years 8% Quarterly 24 2%
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