Determine the future value of $11,000 under each of the following sets of assumptions: (Use FV of $1 ) (Round "FV Factors" to 5 decimal places
Determine the future value of $11,000 under each of the following sets of assumptions: (Use FV of $1) (Round “FV Factors” to 5 decimal places and final answers to the nearest dollar amount.)
Annual Rate Period Invested Interest Compounded Future Value
1. 8% 8 years Semiannually $
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2. 12 5 years Quarterly $
3. 12 40 months Monthly $
