Question: Present Value and Future Value The folowing situabers involve time value of money calcwlations: Use the appropriate present or Ruture value table: FV of 51,
Present Value and Future Value The folowing situabers involve time value of money calcwlations: Use the appropriate present or Ruture value table: FV of 51, PV of 51 , RV of Annuity of $1 and PV of Annaity of $1 1. A teposit of 57,900 is made on January 1, 2016. The depost win earn interest at a rate of 946 , How much will be accumulated on Jaruary 1 , 20z1, assuming that interest is compounded (a) annually, (b) semalannually, and (c) quarteriy? Round your answers to the eqarast dehar, 2. A depest is made on January 1, 2016, to earn interest at an annual rote of dw. The deposit wil accumulate to sis,oco by January 1, 2021. Hew much maner was erighally flesosited assuming that interest is compounded (a) annually, (b) semiannualiy, and (c) quarterly? hound your anowers to the nearest dotiar
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