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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

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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                 $    

2.  12   5 years     Quarterly                  $   

 3.  12   40 months         Monthly        $  

FV of $1.jpg
 
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