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 ) On FV Table 12 1 Present value Length of time Rate Compounded Period used Rate used FV factor used Future value $11,217 60 4 years 12 Quarterly 16 3

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Question: 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

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.)

					On FV Table 12.1
Present value	Length of time	Rate		Compounded	Period used	Rate used		FV factor used	Future value
$11,217.60	4 years	12	%	Quarterly	16	3	%

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