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  3. present value: $12,988.90length of time: 5 years r

Present value: $12,988.90Length of time: 5 years Rate: 8% Compounded: Quarterly Period used: 20 Rate...

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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:
image
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.)

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