Answered: What is the future value of $1,200…

What is the future value of $1,200 placed in a saving account for four years if the account pays 6.00% compounded quarterly? (Your answer should be in two decimal places)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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What is the future value of $1,200 placed in a saving account for four years if the account pays 6.00% compounded quarterly? (Your answer should be in two decimal places)

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