To determine the appropriate discount factor$($s$)$ using tables, click here to view Tables I, II$,$ III, or IV in the appendix. Alternatively, if you calculate the discount factor$($s$)$ using a formula, round to six $(6)$ decimal places before using the factor in the problem.

Required

a$.$ The future value of $$13,000$ invested at $7$ percent for $9$ years.

b$.$ The future value of eight annual payments of $$1,450$ at $7$ percent interest.

c$.$ The amount that must be deposited today $($present value$)$ at $5$ percent to accumulate $$69,000$ in five years.

d$.$ The annual payment on a $9-$year, $8$ percent, $$30,000$ note payable.

Answer rating: 100% (QA)

Part a Future Value of 13000 invested at 7 for 9 years ... View the full answer