11. Use future value and present value calculations (see tables in the Chapter 1 Appendix) to determine the following: ( LO2.4) a. The future value of a $600 savings deposit after eight years at an annual interest rate of 6 percent. b. The future value of saving $1,800 a year for five years at an annual interest rate of 5 percent. c. The present value of a $2,000 savings account that will earn 3 percent interest for four years. 12. Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account and an annual interest rate of 3 percent.) ( LO2.4) 13. Kara George received a $5,000 gift for graduation from her uncle. If she deposits this in an account paying 3 percent, what will be the value of this gift in 12 years? () LO2.4)