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Determine the future value of $27,000 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.)

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Determine the future value of $27,000 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.   12 %   6  years    Semiannually     

2.   20     3  years    Quarterly    

3.   24     30  months    Monthly  

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