11. Use future value and present value calculations (see tables in the Chapter 1 Appendix) to determine

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11. Use future value and present value calculations (see tables in the Chapter 1 Appendix) to determine the following: (LO2.4)

a. The future value of a $600 savings deposit after eight years at an annual interest rate of 6 percent.

b. The future value of saving $1,800 a year for five years at an annual interest rate of 5 percent.

c. The present value of a $2,000 savings account that will earn 3 percent interest for four years.

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 05:00 AM

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11. Use future value and present value calculations (see tables in the Chapter 1 Appendix) to determine

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Focus On Personal Finance

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