Question: Saved Use future value and present value calculations (Use Exhibit 1-A. Exhibit 1-8. Exhibit 1-C) to determine the following: a. The future value of a
Saved Use future value and present value calculations (Use Exhibit 1-A. Exhibit 1-8. Exhibit 1-C) to determine the following: a. The future value of a savings deposit of $1,300 after nine years at an annual interest rate of 8 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) Future value b. The future value of saving $3,200 a year for three years at an annual interest rate of 7 percent. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value C. The present value of a savings account that will earn 4 percent annual interest and be worth $3,400 at the end of six years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.) Present value
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