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the present and future value tables of each

1 A family spends $38,000 a year for living expenses. If prices increase by 1 percent a year for the next three years, what amount will the family need for their living expenses after three years? Use Exhibit 1A. (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Future living expenses What would be the yearly earnings for a person with $6,000 in savings at an annual interest rate of 2.0 percent? Yearly earnings If you desire to have $10,000 for a down payment for a house in seven years, what amount would you need to deposit today? Assume that your money will earn 6 percent. Use Exhibit 1-C. (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Amount to be deposited $ 83,940