Question: Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,400 over the next 3



Use the present value and future value tables to answer the following questions. A. If you would like to accumulate $2,400 over the next 3 years when the interest rate is 15%, how much do you need to deposit in the account? X B. If you place $6,300 in a savings account, how much will you have at the end of 6 years with a 12% interest rate? C. You invest $9,000 per year for 9 years at 12% interest, how much will you have at the end of 9 years? D. You win the lottery and can either receive $760,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why? Present Value of $1 Table Figure Present Value of an Ordinary Annuity Table Figure Future Value of $1 Table Figure B3 Future Value of \$1 Table: Future Value of an Ordinary Annuity Table B4 Future Value of an Ordinary Annuity Table
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