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For each of these situations, determine the savings amount. Use the time value of money tables in Exhibl 1-A, Exhibit 1-B, Exhibit 1-C. a. What

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For each of these situations, determine the savings amount. Use the time value of money tables in Exhibl 1-A, Exhibit 1-B, Exhibit 1-C. a. What would be the future value of a savings account started with $475, earning 8 percent (compounde annually) after 8 years? (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.) Future value $879 b. Brenda Young desires to have $9,000 eight years from now for her daughter's college fund. If she will earn 8 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation. (Round time value factor to 3 decimal places and fina answer to the nearest whole dollar.) Present value c. What future value amount would you have if you deposited $1,500 a year for 30 years at 8 percent (compounded annually)? (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.) Future value $ 169924

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