Question: 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
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
14% interest rate and 9 periods
The future value of $ 1 is ? Round to 3 decimals
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