Question: 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 $1,225

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 $1,225 savings deposit after six years at an annual interest rate of 5 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.)

b. The future value of saving $3,050 a year for four years at an annual interest rate of 4 percent. (Round discount factor to 3 decimal places and final answer to 2 decimal places.)

c. The present value of a $3,250 savings account that will earn 2 percent interest for two years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.)

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