Question: Use future value and present value calculations to determine the following. (a) The future value of a $740 savings deposit after eight years at an
Use future value and present value calculations to determine the following.
(a) The future value of a $740 savings deposit after eight years at an annual interest rate percentage.
(b) The future value of saving $1,640 a year for five years at an annual interest rate of 6 percent.
(c) The present value of a $2,080 savings account that will earn 4 percent annual interest for four years.
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