$1$

To determine the appropriate discount factor$($s$)$ using tables, click here to view Tables $I_{{?}_{?}},I{I}_{,}I{I}_{?},$ or $()$ in the appendix. Alternatively, if you calculate the discount factor$($s$)$ using a formula, round to six $(6)$ decimal places before using the factor in the problem.

$15$ points

Required

a$.$ The future value of $$12,000$ invested at $5$ percent for $11$ years.

b$.$ The future value of eight annual payments of $$1,350$ at $5$ percent interest.

c$.$ The amount that must be deposited today $($present value$)$ at $6$ percent to accumulate $$50,000$ in five years.

d$.$ The annual payment on a $9-$year, $5$ percent, $$30,000$ note payable.

Complete this question by entering your answers in the tabs below.

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Required D

The future value of $$12,000$ invested at $5$ percent for $11$ years. $($Round your answer to the nearest whole dollar amount.$)$

Future value