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Question 4 How much is $100 worth two years from now with quarterly compounding at a stated 12% rate. $138.22 $112.0 $126.67
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Answer #1

The future value is calculated using the FV function:-

=FV(rate,nper,pmt,pv)

=FV(12%/4,2*4,,-100)

=126.67

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