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Present and future value tables of $1 at 3% are presented below: Review the following independent scenarios, select the correct table and calculate the result.
Present and future value tables of $1 at 3% are presented below: Review the following independent scenarios, select the correct table and calculate the result. Show all calculations including the period and table selected.(Round to the nearest dollar) 1. Ben wants to invest money in a 6%CD account that compounds semiannually. Ben would like the account to have a balance of $75,000 seven -years from now. How much must Ben deposit today to accomplish the goal? (Round to the nearest dollar) 2. What is the present value of an annuity of $8,000 to be received at the end of each of the next 5 periods assuming an interest rate of 3% ? 3. What is the future value of an annuity of $4,500 invested at the beginning of each of the next 6 periods at 3% interest
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