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Below are four transactions and five time value concepts. Match each transaction to a time value concept that should apply. A time value concept can

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Below are four transactions and five time value concepts. Match each transaction to a time value concept that should apply. A time value concept can be used for more than once or not at all. (2 points each; 8 points total) Best Inc. will deposit $30,000 in a 12% fund at the end of each year for 8 years starting from current year. It wants to know what amount will be in the fund after the last deposit. 1. Future value of 1 Caroline needs $25,000 in 4 years. She wants to know what amount must she invest today given an interest rate of 12%. 2. Present value of 1 3. Future value of ordinary annuity of 1 Bob Anderson invested $15,000 today in a fund that earns 8% compounded annually. He wants to know what amount the investment will grow in 3 years. 4. Present value of ordinary annuity of 1 1. Future value of 1 Caroline needs $25,000 in 4 years. She wants to know what amount must she invest today given an interest rate of 12%. 2. Present value of 1 3. Future value of ordinary annuity of 1 Bob Anderson invested $15,000 today in a fund that earns 8% compounded annually. He wants to know what amount the investment will grow in 3 years. 4. Present value of ordinary annuity of 1 5. Present value of annuity due of 1 Daniel plans to accumulate $14,000 for a down payment on a house 5 years from now. He plans to make annual deposits at the end of every year starting from current year. He wants to know the amount of each annual deposit i.e., Rent)

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