Question: Use future value and present value calculations (Use Exhibit 1.A. Exhibit 1.B. Exhibit 1.) to determine the following: a. The future value of a savings

Use future value and present value calculations (Use Exhibit 1.A. Exhibit 1.B. Exhibit 1.) to determine the following: a. The future value of a savings deposit of $1,200 after five years at an annual interest rate of 4 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) Future value b. The future value of saving $3,000 a year for three years at an annual interest rate of 3 percent. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value c. The present value of a savings account that will earn 4 percent annual interest and be worth $3,200 at the end of five years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.) Piusant value B o search O

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