Question: Use future value and present value calculations to determine the following. a . The future value of a $ 5 0 0 savings deposit after

Use future value and present value calculations to determine the following.
a. The future value of a $500 savings deposit after eight years at an annual interest rate of 1.5 percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit 1B-1.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
Future value $
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b. The future value of saving $1,500 a year for five years at an annual interest rate of 2.25 percent. If you are using a table to calculate your answer, please only use the table in this link Exhibit 1B-2.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
Future value $
c. The present value needed in a savings account that will earn 1.75 percent annual interest if $2,000 is needed at the end of four years. If you are using a table to calculate your answer, please only use the table in this link Exhibit 1B-3.(Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
Present value $

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