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For each of these situations, determine the savings amount. Use the time value of money tables in Exhibit 1 - A , Exhibit 1 -
For each of these situations, determine the savings amount. Use the time value of money tables in Exhibit A Exhibit B and Exhibit C
a What would be the value of a savings account started with $ earning percent compounded annually after years? Round FV factor to decimal places and final answer to the nearest whole dollar.
b Brenda Young desires to have $ eight years from now for her daughters college fund. If she will earn 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 decimal places and final answer to the nearest whole dollar.
c What amount would you have if you deposited $ a year for years at percent compounded annuallyRound discount factor to decimal places and final answer to the nearest whole dollar.
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