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Part C (4 points). Use the following time value of money tables to answer the following questions. Assume that the annual rate of interest is

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Part C (4 points). Use the following time value of money tables to answer the following questions. Assume that the annual rate of interest is 6% for each of the four following problems. Time Periods (n) Future Value of 1 1.19102 1.12360 i = 6% Present Value of 1 .83962 .89000 3 2 Future Value of an Annuity 3.18360 2.06000 Present Value of an Annuity 2.67301 1.83339 Time Periods (n) Future Value of 1 1.19405 1.12551 i = 3% Present Value of 1 .83748 .88849 6 4 Future Value of an Annuity 6.46841 4.18360 Present Value of an Annuity 5.41719 3.71710 1. Determine the future value of a $3,000 deposit made on January 1, 2011 on December 31, 2013 if the bank compounds interest semiannually. 2. Compute the present value of an amount of money on January 1, 2012 if its future value is $6.000 on December 31, 2013 and interest compounds annually. 3. Calculate the future value of a $2,000 annuity on December 31, 2013 if the firm makes annual deposits on December 31, 2011, December 31, 2012, and December 31, 2013. 4. Determine the present value on January 1, 2012 of $300 annuity payments made on cach June 30 and December 31 from 2012 through 2013

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