Calculate, to the Nearest Cent, the Future Value of an Investment

question 40

Short Answer

Calculate, to the nearest cent, the future value of an investment of $12,000 at 7% per year, compounded annually, after 11 years.
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​FV​ = $__________

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Definitions:

Extraneous Variables

Extraneous variables are those that are not the focus of a study but may influence its outcome, potentially confounding the results if not controlled.

Random Assignment

A procedure in experimental design that ensures every participant has an equal chance of being assigned to any group, enhancing the validity of results.

Experimental Methods

A research technique that tests hypotheses and establishes cause-and-effect relationships between variables.

Naturalistic Observation

A research method involving observing subjects in their natural environment without intervention by the researchers.