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Use future value and present value calculations to determine the following. a . The future value of a $ 5 0 0 savings deposit after
Use future value and present value calculations to determine the following.
a The future value of a $ savings deposit after eight years at an annual interest rate of percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit BRound time value factors to decimal places and final answer to the nearest dollar amount. Omit the $ sign in your response.
Future value $
b The future value of saving $ a year for five years at an annual interest rate of percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit BRound time value factors to decimal places and final answer to the nearest dollar amount. Omit the $ sign in your response.
Future value $
c The present value needed in a savings account that will earn percent annual interest if $ is needed at the end of four years. If you are using a table to calculate your answer, please only use the table in this link Exhibit BRound time value factors to decimal places and final answer to the nearest dollar amount. Omit the $ sign in your response.
Present value $
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