Solve by Compound Table

question 64

Short Answer

Solve by compound table. Find future value.
$$\begin{array} { | l | l | l | l | l | } \hline \text { Principal } & \text { Rate } & \text { Time } & \text { \#times Compounded per year } & \text { Future Value } \\\hline 12,000 & 10 \% & \text { 2 years } & \text { Semiannually } & \text { ? }\\\hline \end{array}$$

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Definitions:

Liabilities

Financial obligations or debts that a company owes, which it must pay back in the future.

Assets

Resources owned by a business or individual that have economic value.

Statement of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company, categorized into operating, investing, and financing activities.

Financing Activities

These are transactions and events that relate to how a company finances its operations, including issuing equity, obtaining loans, or paying dividends.