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no tables required just the answer Using time value of money tables or a financial calculator, calculate the following: (Use Exhibit 18-1. Exhibit 18-2. Exhibit
no tables required just the answer
Using time value of money tables or a financial calculator, calculate the following: (Use Exhibit 18-1. Exhibit 18-2. Exhibit 18-3 Exhibit 18- 4) a) The future value of $400 six years from now at 8 percent (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value $ b) The future value of $800 saved each year for 10 years at 6 percent (Round time value factors to 3 decimol places and final answer to 2 decimal places. Omit the "S" sign in your response.) Future value $ The amount you have to deposit today (present value) at a 5 percent interest rate to have $1,200 five years from now. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "S" sign in your response.) Amount to be deposited $ d) The amount you have to deposit today to be able to take out $600 a year for 7 years from an account earning 6 percent (Round time value factors to 3 decimal places and final answer to the nearest dollar amount Omit the "S" sign in your response.) Amount to be depositedStep by Step Solution
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