Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)

Click here to view factor tables What is the future value of $7,020 at the end of 7 periods at 8% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The future value

$enter the future value in dollars rounded to 0 decimal places

eTextbook and Media

Click here to view factor tables What is the present value of $7,020 due 8 periods hence, discounted at 6%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The present value

$enter the present value in dollars rounded to 0 decimal places

eTextbook and Media

Click here to view factor tables What is the future value of 18 periodic payments of $7,020 each made at the end of each period and compounded at 10%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The future value

$enter the future value in dollars rounded to 0 decimal places

eTextbook and Media

Click here to view factor tables What is the present value of $7,020 to be received at the end of each of 18 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

The present value

$enter the present value in dollars rounded to 0 decimal places