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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- 4) a) The
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- 4) a) The future value of $570 six years from now at 6 percent. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value $ b) The future value of $1,000 saved each year for 10 years at 8 percent. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value $ c) The amount you have to deposit today (present value) at a 7 percent interest rate to have $800 five years from now. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Amount to be deposited $ d) The amount you have to deposit today to be able to take out $700 a year for 10 years from an account earning 8 percent. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Amount to be deposited $
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