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For each of the following situations, Identify ( 1 ) the case as elther ( a ) a piesent or a future value and (

For each of the following situations, Identify (1) the case as elther (a) a piesent or a future value and (b) a single amount or an annulty. (2) the table you would use in your computations (but do not solve the problem), and (3) the Interest rate and time periods you would use. (PV of $1, FV of $1, PVA of $1, and FVA of $1)
Note: Use appropriate factor(s) from the tables provided. Round "Table Factors" to 4 decimal places.
a. You need to accumulate $10,100 for a trlp you wish to take in four years. You are able to earn 10% compounded semlannually on your savings. You plan to make only one deposit and let the money accumulate for four years. How would you determine the amount of the one-time deposit?
b. Assume the same facts as in part (a) except that you will make semlannual deposits to your savings account. What is the requlred amount of each semlannual deposit?
You want to retire after working 40 years with savings in excess of $1,020,000. You expect to save $4,080 a year for 40 years and earn an annual rate of interest of 10%.
c-2 Will you be able to retire with more than $1,020,000 in 40 years?
d-1. A sweepstakes agency names you a grand prize winner. You can take $229,500 immedlately or elect to recelve annual Installments of $30,200 for 20 years. You can earn 12% annually on any investments you make.
d-2 Which prize do you choose to recelve?
Complete this question by entering your answers in the tabs below.
You need to accumulate $10,100 for a trip you wish to take in four years, You are able to eam 10% compounded semiannually on your savings. You plan to make only one deposit and let the money accumulate for four years. How would you determine the amount of the one-time deposit?
Note: Found your answer to 2 decimal places.
Show lless A
\table[[Future Value,,Table Factor,,Present Value],[,,,=,],[Table Values are Based on:,,,],[,n,=,,],[,=,,,]]
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