Question
1.How much would be in your savings account in eight years after depositing $270 today if the bank pays 8 percent per year? (Do not
1.How much would be in your savings account in eight years after depositing $270 today if the bank pays 8 percent per year?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
future value ?
2.Compute the value in 30 years of a $2,000 deposit earning 9 percent per year.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
future value?
3.What is the present value of a $1,000 payment made in five years when the discount rate is 10 percent?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
present value
4.Compute the present value of an $1,700 payment made in eight years when the discount rate is 10 percent.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
present value
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