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Each of the following situations is independent. You may use any computational approach (table, Excel, or financial calculator app); if you use the tables, choose
Each of the following situations is independent. You may use any computational approach (table, Excel, or financial calculator app); if you use the tables, choose the appropriate factors from the following link(s): (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1, Financial Calculator)
Case | Present Value | Annuity | Future Value | Annual Interest Rate | Number of Years |
---|---|---|---|---|---|
A | $160,000 | (1) | 5% | 5 | |
B | (2) | $160,000 | 6% | 4 | |
C | (3) | $3,200 | 4% | 10 | |
D | $4,200 | (4) | 5% | 20 |
Required: Compute the missing amounts for (1) through (4). (Round your answers to the nearest dollar.)
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