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 $1,150

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 $1,150 savings deposit after ten years at an annual interest rate of 9 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) b. The future value of saving $2,900 a year for seven years at an annual interest rate of 8 percent. (Round discount factor to 3 decimal places and final answer to 2 decimal places.) c. The present value of a $3,100 savings account that will earn 6 percent interest for seven years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.)

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