Question: Use future value and present value calculations to determine the following. a. The future value of a $1,060 savings deposit after eight years at an
Use future value and present value calculations to determine the following. a. The future value of a $1,060 savings deposit after eight years at an annual interest rate of 2 percent. If you are using a table to calculate your answer, please only use the table in this link Appendix 18-1. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value b. The future value of saving $1.960 a year for five years at an annual interest rate of 5 percent. If you are using a table to calculate your answer, please only use the table in this link Appendix 18-2. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Future value $ c. The present value of a $2,020 savings account that will earn 4 percent interest for four years. If you are using a table to calculate your answer, please only use the table in this link Arpendix 18-3. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Present value
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