ompute hOW much money will be in the account at the end of six more years. (Use the com has a balance of $1100 ble) ume the annual interest rate will Reg pound interest table appearing in Appendix 13-B.) Assignment Exercise 13-2: Finding the Future Value (with a Compound Interest Table John Whitten is one of the physicians c wears old. He has set up an office savings account to accumulate the funds to replace equipment n his practice. Today John is trying to figure what his equipment fund will amount to in four on staff at Metropolis Health System. His practice is sis ipment. more years The equipment fund savings account presently has a balance of $63,500 and amy interest earned over the next four years will be left in the account. John assumes the annual interest rate ill be 5%. How much money will be in the account at the end of four more years Required Compute how much money will be in the account at the end of four more years (Use the com- pound interest table appearing in Appendix 13-B.) Example 13C: Finding the Present Value (with a Present-Value Table) course in personal finance at the community ering n five Betty Dylan is taking an adult education night college. The class is presently studying retirement planning. Each student is to estimate the of 7o. (Use th pter.) Assignment Exercise 13-3: Finding the Present Value (with a Present-Value Table) Part 1-Dr. John Whitten is still figuring out his equipment fund. According to his calculations trying to find the present he needs $250,000 to be accumulated six years from now. John is now value of the $250,000. He continues to assume an interest rate of 5%. Required Compute the present value of $250,000 accumulated fifteen years from now. Assume an interest rate of 5%. (Use the Present-Value Table appearing in Appendix 13-A at the back of this chanter Part 2-John doesn't like the answer he gets. What if he can raise the interest rate to 7%? How much difference would that make? Required Compute the present value of $250,000 accumulated fifteen years from now est rate of 7%. Compare the difference between this amount and the present value at 5%. assuming an inter Example 13D: Internal Rate of Return Review the chapter text to follow the steps set out to compute the internal rate of return. Practice Exercise 13-IV: Internal Rate of Return a tractor to mow the grounds salvage value at the end of Metropolis Health System (MHS) is considering purchasing It would cost $16,950 and have a 10-year useful life. It will have zero