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(10 points): Present and future value tables of $1 at 3% are presented below. N FV S PV SI FVASI PVA $1 FVAD $1 PVAD

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(10 points): Present and future value tables of $1 at 3% are presented below. N FV S PV SI FVASI PVA $1 FVAD $1 PVAD $1 1.03000 0.97087 1.00000 97087 1.0300 1.00000 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 '3.09092.82861 3.1836 2.91347 1.12551 0.88849 4.1836 3.71710 4.3091 3.82861 1.15927 0.86261 5.3091 4.57971 5.4684 4.71 710 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 7 1.22987 0.81309 7.6625 6.23028 7.89236.41719 8 1.266770.78941 8.8923701969 9.1591 7.23028 1.30477 0.76642 10.1591 7.78611 10.4639 8.01969 10 1.34392 0.7440911.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.25262 13 1.46853 0.68095 15.6178 10.63496 16.0863 10.95400 14 1.51259 0.66112 17.0863 11.29607 17.5989 11.63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 Today Thomas deposited $100,000 in a three-year, 12% CD that compounds quarterly. What is the maturity value of the CD? A. $109,270. B. $119,410. C. $142,576. D. $309,090. 10. Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $100,000 four years from now. How much must Shane deposit to accomplish his goal? A. $88,849. B. $78,941. C. $25,336. D. $22,510. 11. At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years? A. $7,096. B. $7,213. C. $7,129. D. $8,880. 12. If you invest $10,000 today at 10% interest, how much will you have in 10 years? A. $13,860 B. $25,940 C. $3,860 D.$80,712 13 If you were to put $1,000 in the bank at 6% interest each year for the next 10 years, which table would you use to find the ending balance in your account? A. Present value of $1 B. Future value of $1 C. Present value of an annuity of $1 D. Future value of an annuity of $1

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