Question 8 June plans to buy an automobile and can deposit $3,000 toward the purchase today. I the www.al rate is 8%, how much can June expect to have as a down payment in 3 years? Show calculations Future Value of $1 Per. 1% 2% 3% 4% 1 1.010 1.020 50% 5% 1.030 7 1.040 89% 1.050 96 1.020 10% 2 1.000 125 1.040 1070 1.061 1 080 1082 1090 1.100 1 103 1. 124 1110 3 1.030 1125 1 145 1.061 1.093 1.186 1188 1.125 1210 1.158 1232 1. 191 125A 4 1225 1.041 1.200 1.295 1.082 1.126 1331 1.170 1.216 WA 1 262 1.311 1.300 1.051 1.45A 1.104 1 412 1519 1.159 1514 1 217 1.276 1.338 1.403 1.409 1539 1611 1005 1.062 1.126 1702 1.194 1 265 1 340 1419 1501 1587 1877 1772 1870 1914 7 1.072 1.149 1.230 1.316 1.407 1.504 1606 1714 1.828 1.949 2018 2211 8 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.851 1993 2.144 2305 2 AT 9 1.094 1.195 1.305 1.423 1.551 1 689 1.838 1.999 2.172 2.358 2.558 2773 10 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 2.839 3108 18 1.196 1.428 1.702 2.026 2.407 2.854 3.380 3.996 4.717 5.580 6541 1890 o O 629 2412 1.791 25 1.428 1 702 2773 1.967 2.026 2.407 2.159 Future Value of an ordinary Annuity of $1 per period 2367 2504 2 854 239 3 380 3.00 4717 5.5A Per. 1% 2% 3% 4% 5% 5% 1 1.000 7% 394 1.000 1.000 99% 1.000 10% 1.000 2 12 1 000 1 000 1 000 2.010 2.020 1000 1000 2.030 2.040 1900 1000 2.050 2.000 2070 2 080 2000 2.100 3 3.030 3.060 3.091 2.110 2.720 3.122 3153 3.184 3215 3240 3273 3310 312 4 4.060 4.122 4.184 3 STA 4.246 4.310 4.375 4 440 4 500 4573 4 641 4110 A 779 5 5. 101 5.204 5.309 5.416 5 526 5.837 5.751 5.367 5.585 8105 6222 5353 6 6.152 6.308 6 468 6.633 6 802 6.975 7 153 7336 7523 7718 1913 815 7 7.214 7.434 7.662 7.898 8.142 8.394 8.854 8.923 9.200 9.487 9783 10.000 8 8.286 8.583 8.892 9.214 9.549 9 897 10 200 10.637 110201143011099 12.900 9 9.369 9.755 10.159 10.583 11.027 11.491 11.978 12.488 13.021 13.579 14.10A 14T10 10 10.950 11.464 12.006 12 578 13.181 13.816 10.462 15.193 15.937 16.722 17 549 14.487
