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:

Biological Approach

An approach in psychology focusing on understanding human behavior through the lens of genetics, brain structures, and biochemical processes.

Psychology

The scientific study of the mind and behavior, encompassing a wide range of topics from biological influences to social pressures.

Scientific Goal

The aim or objective of conducting research to discover, interpret, or revise facts, behaviors, theories, or applications.

Behavior

The observable actions or responses of an organism, typically in response to its environment or internal cues.