Question: Use future value and present value calculations ( use Exhibit 1 - A , Exhibit 1 - B , Exhibit 1 - C ) to

Use future value and present value calculations (use Exhibit 1-A, Exhibit 1-B, Exhibit 1-C) to determine the following:
a. The future value of a $1,175 savings deposit after nine years at an annual interest rate of 8 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.)
b. The future value of saving $2,950 a year for six years at an annual interest rate of 7 percent. (Round discount factor to 3 decimal places and final answer to 2 decimal places.)
c. The present value of a $3,150 savings account that will earn 5 percent interest for six years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.)

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