Question 2 (2 points)

What is the future value of $4880 9 years from now at 6 percent?

Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:

Question 2 options:

Answer

Question 3 (2 points)

What is the future value of $3650 saved each year for 15 years at 9 percent?

Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:

Question 3 options:

Answer

Question 4 (2 points)

What is the amount a person would have to deposit today (present value) at 14 percent interest rate to have $6950 saved 7 years from now.

Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer:

Question 4 options:

Answer

Question 5 (2 points)

What is the amount you would have to deposit today to be able to take out $3150 a year for 15 years from an account earning 5 percent.

Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Your Answer: