Answer
$31,124.88
Work Step by Step
Future value of 12,000 at 10% for 10 years:
(12,000 X 2.59374) = $31,124.88
**We use the future value tables to obtain the value 2.59374.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 6 - Accounting and the Time Value of Money - Exercises - Page 344: E6-6a
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