Future value calculation$$Without referring to the preprogrammed function on your financial calculator$,$ use the basic formula for future value along with the given interest$$ rate, r$,$ and the number of$$ periods, n$,$ to calculate the future value of$$ $$1$ in the case shown in the following table.$($Click on the icon here $$in order to copy the contents of the data table below into a$$ spreadsheet.$)$

Interest$$ rate, r

Number of$$ periods, n

$12\%$

$5$

Question content area bottom

Part $1$

The future value of$$ $$1$ is $$$

$$

enter your response here. $($Round to three decimal$$ places.$)$