Present value: $12,988.90Length of time: 5 years Rate: 8% Compounded: Quarterly Period used: 20 Rate...
60.1K
Verified Solution
Link Copied!
Question
Accounting
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 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.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
