Question: Use future value and present value calculations (use Exhiblt 1-A. Exhibit 1-B, Exhibit 1-C) to determine the following: a. The future value of a $1,250
Use future value and present value calculations (use Exhiblt 1-A. Exhibit 1-B, Exhibit 1-C) to determine the following: a. The future value of a $1,250 savings deposit after seven years at an annual interest rate of 6 percent. (Round FV factor to 3 ) decimal places and final answer to 2 decimal places.) b. The future value of saving $3,100 a year for five years at an annual interest rate of 5 percent. (Round discount factor to 3 decimal places and flnal answer to 2 decimal places.) c. The present value of a $3,300 savings account that will earn 3 percent interest for three years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.)
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