erest balances, whereas Second City Bank pays percent compounded annually. If you made a deposit of $7,500 in each bank, how much more money would you earn from your Second City Bank account at the end of eight years? X2. Calculating Future Values [LO1] For each of the following, compute the future value: 147 Present Value Years Interest Rate Future Value $ 2,328 11 13% 7,513 7 9 74,381 14 12 192,050 16 6 X3. Calculating Present Values (LO2] For each of the following, camnistathanacant la 40 21 550,164 24. Calculating Interest Rates [LO3] Solve for the unknown interest rate in each of the following: Present Value Years Interest Rate Future Value $ 181 5 $ 317 335 17 1,080 48,000 13 185,382 531,618 40,353 30 75. Calculating the Number of Periods (L04] Solve for the unknown number of years in each of the following: Present Value Years Interest Rate Future Value $ 560 7% $ 1,389 810 8 18,400 9 1,821 289,715 430,258 21,500 11 value of this liability? 48 11. Calculating Present Values (LO2] You have just received notification that you have won the $2 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 80 years from now. What is the present value of your windfall if the appropriate discount rate is 8.4 percent? 12. Calculating Future Values [L01] Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2067, assuming they appreciate at an annual rate of 4.3 percent? 13. Calculating Interest Rates and Future Values (L01, 3] In