Problem $1-6$ Computing the Time Value of Money $[$L$01-4]$

Using time value of money tables, calculate the following. $($Exhibit $1-$A$,$ Exhibit $1-$B$,$ Exhibit $1-$C$,$ Exhibit $1-$D$)$

Note: Use appropriate factor$($s$)$ from the tables provided.

a$.$ The future value of $$400$ six years from now at $8$ percent.

b$.$ The future value of $$800$ saved each year for $10$ years at $6$ percent.

c$.$ The amount a person would have to deposit today $($present value$)$ at an interest rate of $5$ percent to have $$1,200$ five years from now.

d$.$ The amount a person would have to deposit today to be able to take out $$600$ a year for $7$ years from an account earning $6$ percent.

Complete this question by entering your answers in the tabs below.

Required b

Required d

The future value of $$400$ six years from now at $8$ percent.

Note: Round time value factor to $3$ decimal places and final answer to $2$ decimal places.

Future value