Question
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.) (a) Click here to view factor tables What is
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.)
(a)
Click here to view factor tables
What is the future value of25periodic payments of $5630each made at the beginning of each period and compounded at8%?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
The future value$
enter the future value in dollars rounded to 0 decimal places
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(b)
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(c)
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(d)
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