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Use future value and present value calculations to determine the following. a. The future value of a $740 savings deposit after eight years at an
Use future value and present value calculations to determine the following. a. The future value of a $740 savings deposit after eight years at an annual interest rate of 3 percent. If you are using a table to calculate your answer, please only use the table in this link Appendix 18-1. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value $ b. The future value of saving $1,640 a year for five years at an annual interest rate of 6 percent. If you are using a table to calculate your answer, please only use the table in this link Appendix 18-2. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value $ c. The present value of a $2,080 savings account that will earn 4 percent interest for four years. If you are using a table to calculate your answer, please only use the table in this link Appendix 1B-3. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) $ Present value
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