Using time value of money tables ( Exhibit 1–3 or chapter appendix tables), calculate the following. (Obj. 3)

a. The future value of $450 six years from now at 7 percent.

b. The future value of $800 saved each year for 10 years at 8 percent.

c. The amount a person would have to deposit today (present value) at a 6 percent interest rate to have $1,000 five years from now.

d. The amount a person would have to deposit today to be able to take out $500 a year for 10 years from an account earning 8 percent.