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Present Value and Future Value Practice Use the applicable factors from the four tables included here, to answer the questions below. 1. Present Value-Single
Present Value and Future Value Practice Use the applicable factors from the four tables included here, to answer the questions below. 1. Present Value-Single Table (PVS tab) Present Value-Annuity Table (PVA tab) Future Value-Single Table (FVS tab) Future Value-Annuity Table (FVA tab) Keshia received a one-time bonus of $3,000. She plans to invest it in a CD (certificate of deposit) for 4 years at 5%. How much money will Keshia have at the end of the 4 years? (Round the final result to the nearest dollar.) Use Present or Future Value table Single Payment or Annuity Number of Interest rate interest periods per interest period Factor Payment amount Present or Future Value 2. Anora hit a small lottery that will pay her $2,500 per year for 10 years. Anora plans to deposit her winnings as she receives them, in a savings account earning 6%. How much will Anora have in her savings account at the end of 10 years? Use Present or Future Value table Single Payment or Annuity Number of interest Interest rate per interest periods period Factor Payment amount Present or Future Value
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