Question: Use future value and present value calculations to determine the following a The future value of a $500 savings deposit after eight years at an
Use future value and present value calculations to determine the following a The future value of a $500 savings deposit after eight years at an annual interest rate of 15 percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit 13. . (Round time value foctors to 3 decimal places and final answer to the nearest dollar amount. Omit the "\$" sign in your response.) Future value b. The future value of saving $1.500 a year for five years at an annual interest rate of 2.25 percent. If you are using a table to calculate your answer. please only use the table in this link Exhibit 18.2. (Round time value foctors to 3 decimal places and final answer to the nearest dollar amount. Omit the " \( \$ " \)quot;quot; sign in your response.) Future value c. The present value needed in a savings account that will eam 175 percent annual interest if $2.000 is needed at the end of four years. If you are using a table to calculate your answer, please only use the table in this link Exhibit18-3. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the " \( \$ " \) sign in your response.) Fresent value
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