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a. How much would you have to deposit today if you wanted to have $40,000 in five years? Annual interest rate is 8%. (Pyof$1. Evof
a. How much would you have to deposit today if you wanted to have $40,000 in five years? Annual interest rate is 8%. (Pyof$1. Evof $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) Present value b. Assume that you are saving up for a trip around the world when you graduate in three years. If you can earn 7% on your investments, how much would you have to deposit today to have $10,000 when you graduate? (Round your answer to 2 decimal places.) Present value c-1. Calculate the future value of an investment of $486 for eleven years earning an interest of 8%. (Round your answer to 2 decimal places) Future value
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