Question: Please answer the questions with steps and equations used Present Value and Annuity Payments A local furniture store is advertising a deal in which you

Please answer the questions with steps and equations used Present Value

Please answer the questions with steps and equations used

Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $5,000 living room set with three years before you need to make any payments (no erect cost incurred). How much money would you have to deposit now in a savings account earning 4 percent APR. compounded monthly, to pay the $5,000 bill in three years. Alternatively, how much would you have to deposit in the savings account each month to be able to pay the ball

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