B. Rate = 13.021

C. Rate =0.075

b. Brenda Young desires to have $11,000 eight years from now for her daughter's college fund. If she will earn 8 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation. (Round PV factor to 3 decimal places and final answer to the nearest whole dollar.) Present value c. What amount would you have if you deposited $1,600 a year for 30 years at 9 percent (compounded annually)? (Round FVA factor to 3 decimal places and final answer to the nearest whole dollar.) Future value