Exercise 6-3 Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)

Click here to view factor tables What is the future value of $8,590 at the end of 7 periods at 8% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The future value

$

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Click here to view factor tables What is the present value of $8,590 due 8 periods hence, discounted at 6%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The present value

$

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Click here to view factor tables What is the future value of 18 periodic payments of $8,590 each made at the end of each period and compounded at 10%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The future value

$

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Click here to view factor tables What is the present value of $8,590 to be received at the end of each of 19 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The present value

$

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