Question: 7. Present Value Cheryl wants to have $2,000 n spending money to take on a trip to Disney World in three years. How much must
7. Present Value Cheryl wants to have $2,000 n spending money to take on a trip to Disney World in three years. How much must she deposit now in a savings account that pays to have the money she needs in three years? To have $2.000 three years, Cheryl would need to deposts (Round to the nearest cont (Use your facial calculated 8. Future Value. Kyla has $1,100 in cash received for high school graduation gifts from various relatives. He wants to invest in a certificate of depost (CD) so that he will have a down payment on a car when he graduates from college in five years. His bank will pay 9% per year, compounded annualy, for the five-year CD How much will Kyle have in five years to put down on his car? Peste Oy intve years, the amount Kyle will have to put on his cars Use your cancial calculator Concrete "ect of income taxes and round your answer to the nearest cont>
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