Question: Exercise 6-2 Future value; single amounts [LO6-2] Determine the future value of $14,000 under each of the following sets of assumptions (FV of $1, PV

Exercise 6-2 Future value; single amounts [LO6-2] Determine the future value

Exercise 6-2 Future value; single amounts [LO6-2] Determine the future value of $14,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.): Annual Interest Future Value i= Period Invested Present Value n = Rate Compounded 1. 14,000 $ 16% 6 years Semiannually 35,254 2 16% 5 years Quarterly 14,000 30,676 36% 20 months 14,000 $ 3 Monthly 25,286

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