Question

Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.)

Present value	Length of time	Rate	Compounded	On FV Table 12.1		FV factor used	Future value
				Period used	Rate used
$11,965.44	4 years	12%	Quarterly	16	3%		$

Answer 1

rate positively ..

	Present value	Length of time	Rate	Compounded	On FV Table 12.1		FV factor used	Future value
					Period used	Rate used
	$11,965.44	4 years	12%	Quarterly	16	3%		$
	You have not provided me the FV table . But we can do this from the financial calculator
	Put in calcualtor -
	PV		-1
	PMT		0
	I		3%
	N		16
	compute FV		1.6047
	Therefore
	FV factor used		1.6047
	Future vlaue=		19200.94
	11965.44*1.6047