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

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For each of these situations, determine the savings amount. Use the time value of money tables in and Exhibit 1.A. Exhibit 1B, and Exhibit 1.C a. What would be the value of a savings account started with $675, earning 9 percent (compounded annually) after 7 years? (Round FV factor to 3 decimal places and final answer to the nearest whole dollar.) Future value b. Brenda Young desires to have $8,000 eight years from now for her daughter's college fund. If she will earn 7 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation (Round PV factor to 3 decimal places and final answer to the nearest whole dollor.) Present value c. What amount would you have if you deposited $2,300 a year for 25 years at 8 percent (compounded annually)? (Round FVA factor to 3 decimal places and final answer to the nearest whole dollar.) Future value earch O B https://ezto.mn Help saved HW - Required 4 Problem 4-5 (L04.3) What would be the annual percentage yield for a savings account that earned $67 in interest on $1,000 over the past 365 days? (Enter your answer as a percent rounded to 1 decimal place.) Annual percentage yield pe here to search o . 0 30

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