Question: Find the amount that should be set aside today to yield the desired future amount; use Table 13 - 3 (See Example 2) or the

Find the amount that should be set aside today to yield the desired future amount; use Table 13 - 3 (See Example 2) or the appropriate formula (See Examples 3 and 4).

Future amount needed 1. $4,000 Interest rate 3% Compounding Investment period semiannually time 2 years 2. $7,000 2.5% annually 20 years 3. $10,000 4% quarterly 4 years 4. $5,000 3% semiannually 6 years

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