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Exercise 6-4 (Part Level Submission) Using the appropriate interest table, answer the following questions. (Each case is independent of the others). (a) Click here to
Exercise 6-4 (Part Level Submission) Using the appropriate interest table, answer the following questions. (Each case is independent of the others). (a) Click here to view factor tables What is the future value of 24 periodic payments of $4,890 each made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) The future values Click if you would like to Show Work for this question: Open Show Work (b) Click here to view factor tables What is the present value of $3,950 to be received at the beginning of each of 29 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) The present values Click if you would like to Show Work for this question: Open Show Work
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