Answer:
the amount that have at the end of year 12 is $65,899.63
Explanation:
The computation of the amount that have at the end of year 12 is shown below:
Future value = Present value × (1 + Interest rate)^number of periods
= $4000 × (1 + 12%)^10 + $6,000 × (1 + 12%)^8+ $10,000 × (1 + 12%)^6 + $12,000 × (1 + 12%)^4
= $65,899.63
hence, the amount that have at the end of year 12 is $65,899.63
We simply applied the above formula so that the correct value could come
And, the same is to be considered
