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Using time value of money tables (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D), calculate the following. a. The future value of $530 four years
Using time value of money tables (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D), calculate the following. a. The future value of $530 four years from now at 7 percent. (Round your factor to 3 decimal places and final answer to 2 decimal places.) b. The future value of $475 saved each year for 9 years at 6 percent. (Round your factor to 3 decimal places and final answer to 2 decimal places.) c. The amount a person would have to deposit today (present value) at a 7 percent interest rate to have $3,400 five years from now. (Round your factor to 3 decimal places and final answer to 2 decimal places.)
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