Question: Find the requested value to the nearest dollar) and explain what each of the other values represent. (a) Find S: S = 4,000 (1 +

Find the requested value to the nearest dollar) and explain what each of the other values represent. (a) Find S: S = 4,000 (1 + 0.02)35 0.02 S = $ Identify the following. (Assume the rate and time are using the same time units.) periodic payment 4,000 rate 0.02 time 35 1 (b) Find R: 40,000 = R (1 + 0.06)15 0.06 R = $ 931,038.80 Identify the following. (Assume the rate and time are using the same time units.) future value 40,000 rate 0.06 " time 15

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