Exercise F-1 Future value and present value

To determine the appropriate discount factor(s) using tables, click here to view TablesI,II,III, orIVin 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.(Round your answers to the nearest dollar amount.)

Required

a.	The future value of $15,000 invested at 6 percent for 12 years.

b.	The future value of eight annual payments of $1,150 at 8 percent interest.

c.	The amount that must be deposited today (present value) at 9 percent to accumulate $59,000 in five years.

d.	The annual payment on a 10-year, 4 percent, $20,000 note payable.

References WorksheetExercise F-1 Future value and present value