Question: 1) Using the amounts in the table below and an interest rate of 8% compounded annually, determine (a) the equivalent present amount (b) the equivalent

1) Using the amounts in the table below and an interest

1) Using the amounts in the table below and an interest rate of 8% compounded annually, determine (a) the equivalent present amount (b) the equivalent annual amount Use the gradient conversion factor, if and where applicable, for full credit. EOY Deposit 0 1000 1 1000 2 1000 3 1000 4 200 5 250 6 300 7 350 8 400 9 500 10 11 300 12 200 400

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