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: $ 7,692.96 Length of time: 7 years Rate: 12% Compounded: Quarterly Period used: 28 Rate used: 3% FV factor used: __________________ ? Future 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.) Present value: $ 7,692.96 Length of time: 7 years Rate: 12% Compounded: Quarterly Period used: 28 Rate used: 3% FV factor used: __________________ ? Future Value: _________________ ?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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: $ 7,692.96
Length of time: 7 years
Rate: 12%
Compounded: Quarterly
Period used: 28
Rate used: 3%
FV factor used: __________________ ?
Future Value: _________________ ?
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