Question
Compute the future value in year 9 of a $3,900 deposit in year 1 and another $3,400 deposit at the end of year 5 using
Compute the future value in year 9 of a $3,900 deposit in year 1 and another $3,400 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
What is the future value of a $970 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Compute the present value of a $3,200 deposit in year 1 and another $2,700 deposit at the end of year 3 if interest rates are 10 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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