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Calculate the following a. The future value of lump-sum investment of $4,000 in four years that earns 3 percent. Round your answer to the nearest

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Calculate the following a. The future value of lump-sum investment of $4,000 in four years that earns 3 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A.1 or the Garman/Forgue companion website.) Round Future value of a Single Amount in intermediate calculations to four decimal places $ b. The future value of $1,400 saved each year for three years that earns 7 percent. Round your answer to the nearest dollar. (Hint: Use Appendix A.3 or the Gamar/Forgue companion website.) Round Future value of series of Equal amounts in intermediate calculations to four decimal places $ A person who invests $1,300 each year finds one choice that is expected to pay 4 percent per year and another choice that may pay 7 percent. What is the difference in retum if the investment is made for four years? Round your answer to the nearest dollar. (ront: Use opendix A3 or the Garman/Forgue companion website. ) Round Future value of Series of equal amounts in intermediate calculations to four decimal places d. The amount a person would need to depout today with a 6 percent interest rate to have $4,000 in three years. Round your answer to the nearest dollar. (Hint: Use Appendix A.2 or the Garman/Forque companion website.) Round Present value of a single Amount in intermediate calculations to four decimal places 5

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