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1. Using time value of money tables, calculate the following: (8 marks) a. The future value of $450 six years from now at 3 percent.

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1. Using time value of money tables, calculate the following: (8 marks) a. The future value of $450 six years from now at 3 percent. b. The future value of $800 saved each year for 11 years at 8 percent The amount that a person would have to deposit today (present value) at a 6 percent interest rate in order to have $100 five years from now. d. The amount that a person would have to deposit today in order to be able to take out $500 a year for 10 years from an account earning 9 percent

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