Question: Find the requested value (to the nearest dollar) and explain what each of the other values represent. (a) Find S: S = 3,500 (1 +

Find the requested value (to the nearest dollar) and explain what

Find the requested value (to the nearest dollar) and explain what each of the other values represent. (a) Find S: S = 3,500 (1 + 0.03)120 - 1 0.03 S = $ X Identify the following. (Assume the rate and time are using the same time period.) periodic payment $ 3500 rate 0.03 time 120 - 1 (b) Find R: 70,000 = R (1 + + 0.05)45 0.05 R = $ X Identify the following. (Assume the rate and time are using the same time period.) future value $ 70000 rate 0.05 time 45

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