Using time value of money tables, calculate the following:

The amount a person would have to deposit today (present value) at 5% interest to have $2,000 four years from now

Andre plans to buy a condo for $420,000. If the real estate in his area is expected to increase in value by 3% each year, what will its approximate value be 5 years from now?

Use Future Value for LUMP SUM (Round your FV factor to 3 decimal places and final answer to the nearest whole dollar.)

Future Value of House = Purchase price x FV Factor

If you spend $20 a week on coffee (assume $1000 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 4%?

Use Future Value for an ANNUITY. (Round your FVA factor to 3 decimal places and final answer to the nearest whole dollar.)

Future Value = Annual expense x FVA Factor