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

question 85

Short Answer

Calculate, to the nearest cent, the future value of an investment of $22,000 at 6% per year, compounded monthly, after 12 years.
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​FV​ = $__________

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Definitions:

Eyelids

Foldable covers that protect the eye, consisting of an upper and a lower flap, and capable of blinking.

Drooping

Sagging or hanging down loosely, often used to describe parts of the body, plants, or objects.

Iris

The colored part of the eye surrounding the pupil, controlling light levels entering the eye by adjusting the pupil size.

Ciliary Body

A ring of tissue behind the iris of the eye, containing muscle that controls the shape of the lens for focusing and produces aqueous humor.