Question: Use future value and present value calculations (UseExhibit 1-A,Exhibit 1-B,Exhibit 1-C) to determine the following: a. The future value of a savings deposit of $1,150

Use future value and present value calculations (UseExhibit 1-A,Exhibit 1-B,Exhibit 1-C) to determine the following:

a.The future value of a savings deposit of $1,150 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 FVA factor to 3 decimal places and final answer to 2 decimal places.)

c.The present value of a savings account that will earn 6 percent annual interest and be worth $3,100 at the end of seven years.(Round PV factor to 3 decimal places and final answer to 2 decimal places.)

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