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Using time value of money tables, calculate the following. Use (Future value of lump sum, Future value of annuity, Present value of lump sum, Present

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Using time value of money tables, calculate the following. Use (Future value of lump sum, Future value of annuity, Present value of lump sum, Present value of annuity.) The future value of $550 six years from now at 8 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) The future value of $800 saved each year for 10 years at 7 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) The amount a person would have to deposit today (present value) at a 7 percent interest rate to have $800 five years from now. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) The amount a person would have to deposit today to be able to take out $600 a year for 8 years from an account earning 8 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

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