Click here to view the factor table.https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf What is the future value of $39,000 at the end of 5 periods at 6% compounded interest? (Round answer to O decimal places, e.g.458,581.)Future value%24

Answered: What is the future value of $39,000 at…

What is the future value of $39,000 at the end of 5 periods at 6% compounded interest? (Round answer to O decimal places, e.g. 458,581.) Future value $

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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Question

Click here to view the factor table.

https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdf

What is the future value of $39,000 at the end of 5 periods at 6% compounded interest? (Round answer to O decimal places, e.g.
458,581.)
Future value
%24

Expert Solution

Step 1

Future value = Amount deposited today x future value factor (6% , 5 years)

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