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Using time value of money tables or a financial calculator, calculate the following (Use Exhibit 18-1. Exhibit 1B-2, Exhibit 18-3, Exhibit 18 a) The future
Using time value of money tables or a financial calculator, calculate the following (Use Exhibit 18-1. Exhibit 1B-2, Exhibit 18-3, Exhibit 18 a) The future value of $450 six years from now at 6 percent. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "S" sign in your response.) Future value $ b) The future value of $500 saved each year for 10 years at 8 percent. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "S" sign in your response.) Future value $ The amount you have to deposit today (present value) at a 6 percent Interest rate to have $1,200 five years from now. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount Omit the "$" sign in your response.) Amount to be deposited $ The amount you have to deposit today to be able to take out $900 a year for 10 years from an account earning 9 percent (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "S" sign in your response.) Amount to be deposited $
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