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.)
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 ; ;
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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?