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
$11,129.37	5 years	12	%	Quarterly	20	3	%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

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...

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 Period Rate...

4 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.) Skipped On FV Table 12.1...

value interest factor Period 0.5% 1.0% 1.5% 2 3 4 5. 2.0% 1 10050 1.0100 10150 1.0200 1.0100 1.0201 1.0302 1.0404 10151 1.0303 1.0457 1.0612 1.0202 1.0406 1.0614 1.0824 1.0253 1.0510 1.0773 1.1041 B...

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.) Present value Rate FV factor used...

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 Period used Rate...

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.) Present value Length of time...

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.)

Find the future value. (Use the Table provided.) (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 period used...

Will the growth ratio be larger, smaller, or the same if the rate of return is 10% compounded annually instead of 8% compounded annually? After making your choice, calculate the ratio.

Marriage and divorce statistics are compiled by the National Center for Health Statistics and published in volumes of Vital Statistics of the United States. State and local officials provide NCHS...

The hourly wage of an employee is $5.50, but the labor cost of the employee is considerably more than $5.50 an hour. Explain.

5 point Legislative rulemaking under the APA, typically involves all but which one of the following three steps: a comment period public hearing notice of proposed rulemaking final rule

2. How is communication defi ned?

=+Understand the different types of personal brands in social media

3. What communication processes and skills are relevant in all contexts?