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Determine the future value of the following single amounts: (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 the following single amounts: (Use FV of $1) (Round “FV Factors” to 5 decimal places and final answers to the nearest dollar amount.)

Invested Amount: Interest Rate: No. of Periods: Future Value:

1. $12,000     8 %   16    

2. 16,000   5   15

3. 29,000   8  12

4. 49,000  4   7

Can you please show me how you came up with the FV in the table?

 
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