Question: Use future value and present value calculations to determine the following a. The future value of a $1,400 savings deposit after eight years at an
Use future value and present value calculations to determine the following a. The future value of a $1,400 savings deposit after eight years at an annual interest rate of 2 percent. If you are using a table to calculate your answer, please only use the table in this link Appendix 13-1. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value b. The future value of saving $4,200 a year for five years at an annual interest rate of 7 percent. If you are using a table to calculate your answer, please only use the table in this link Appendix 13-2. (Round time value factors to 3 decimal places and final answer to 2 decimal places, Omit the "S" sign in your response.) Future value $ c. The present value of a $5,600 savings account that will earn 5 percent interest for four years. If you are using a table to calculate your answer, please only use the table in this link Appendix 18-3. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Present value $
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