Question: 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
| 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. (Round your answers to the nearest dollar amount.) |
| Required |
| a. | The future value of $17,000 invested at 6 percent for 11 years. |
| b. | The future value of eight annual payments of $1,400 at 7 percent interest. |
| c. | The amount that must be deposited today (present value) at 8 percent to accumulate $35,000 in five years. |
| d. | The annual payment on a 9-year, 8 percent, $35,000 note payable. |
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