Question: Here is the site for Tables: http://www.flexstudy.com/demo/demopdf/96019_appendix.pdf (1) Using the tables, calculate following a) The future value of $30,000 invested at 8 percent for 10years.

Here is the site for Tables: http://www.flexstudy.com/demo/demopdf/96019_appendix.pdf

(1) Using the tables, calculate following

a) The future value of $30,000 invested at 8 percent for 10years.

b) The future value of eight annual payments of $2000 at 9percent interest.

c) The amount that must be deposited today (present value) at8 percent to accumulate $60000 in five years.

d) The annual payment on a 10-year, 6 percent, $50,000 notepayable.

(2) John needs to purchase computer equipment that costs$25,000. He can borrow the money from the bank but will have tomake annual payments of principal and interest.

a) Compute the annual payment he will be required to make on$25,000, four year, 8 percent loan.

b) If he can afford to make annual payments of $8000, how muchcan he borrow?

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