Question
(b) The future value of $900 saved each year for 10 years at 6 percent. (Round time value factor to 3 decimal places and final
(b) The future value of $900 saved each year for 10 years at 6 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
(c) The amount a person would have to deposit today (present value) at an interest rate of 8 percent to have $1,000 five years from now. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
(d) The amount a person would have to deposit today to be able to take out $700 a year for 9 years from an account earning 5 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
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