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Exercise B-18 Practical applications of the time value of money LO P1, P2, P3, P4 a. How much would you have to deposit today if

Exercise B-18 Practical applications of the time value of money LO P1, P2, P3, P4 a. How much would you have to deposit today if you wanted to have $54,000 in five years? Annual interest rate is 8%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 7% on your investments, how much would you have to deposit today to have $14,500 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of $643 for eleven years earning an interest of 8%. (Round your answer to 2 decimal places.) c-2. Would you rather have $643 now or $1,000 eleven years from now? multiple choice Now Eleven years from now d. Assume that a college parking sticker today costs $78. If the cost of parking is increasing at the rate of 4% per year, how much will the college parking sticker cost in nine years? (Round your answer to 2 decimal places.)

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