Question: Use the accumulating function A(t) = (1 + i) t with domain t R to calculate the following. You should assume that i =

Use the accumulating function A(t) = (1 + i)t with domain t ∈ R to calculate the following. You should assume that i = 5.5% per annum.

a. The accumulated value of $500 after 15.5 years.

b. The present value of $6867 due in 4 years.

c. The present value of $700m due in 35 years.

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