Question: personal financial Use future value and present value calculations to determine the following. a. The future value of a $550 savings deposit after eight years
personal financial
Use future value and present value calculations to determine the following. a. The future value of a $550 savings deposit after eight years at an annual interest rate of 1.9 percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit 18-1. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Future value b. The future value of saving $1,650 a year for five years at an annual interest rate of 2.29 percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit 18-2. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Future value C. The present value needed in a savings account that will earn 179 percent annual interest if $2,200 is needed at the end of four year's. If you are using a table to calculate your answer, please only use the table in this link Exhibit 18-3. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Present value $
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