FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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: Present value Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) S 12,988.90 Length of time 5 years Rate 3 8% c Compounded Quarterly On FV Table 12.1 Period used 20 Rate used FV factor used Future value
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Transcribed Image Text: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: Present value Find the future value. (Use the Table 12.1.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) S 12,988.90 Length of time 5 years Rate 3 8% c Compounded Quarterly On FV Table 12.1 Period used 20 Rate used FV factor used Future value
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