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Use future value and present value calculations to determine the following a. The future value of a $1,060 savings deposit after eight years at an
Use future value and present value calculations to determine the following a. The future value of a $1,060 savings deposit after eight years at an annual interest rate of 2 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 "S" sign in your response.) Future value $ b. The future value of saving $1,960 a year for five years at an annual Interest rate of 5 percent. If you are using a table to calculate your answer, please only use the table in this link Appendix 1B-2. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value c The present value of a $2,020 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 18-3. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "S" sign in your response.) Present value
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