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 1.5 percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit 181. (Round time value factors 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 1B-2. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the " \( \$ " \)quot; sign in your response.) Future value $ c. The present value needed in a savings account that will earn 1.75 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 Exhibit. 18.3. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the " $ " sign in your response.) Present value $
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