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.

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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