**Investment Growth Calculation****Question:** What amount of cash would result at the end of one year if $14,000 is invested today and the rate of return is 12%? Use the appropriate factor(s) from the tables provided. Round your answer to the nearest dollar.**Options:**- $15,680- $14,000- $15,540- $12,320**Explanation:**To find the future value, apply the formula for simple interest or refer to present value (PV) and present value annuity (PVA) factors if given in additional tables. Select the correct option and calculate accordingly.

Factor to compute Fv=1+ratetime=1+0.121=1.12

Answered: What amount of cash would result at the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What amount of cash would result at the end of one year, If $14,000 is invested today and the rate of return is 12%? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest dollar.) Multiple Choice $15,680 $14.000 $15,540 $12,320