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 5

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 5 years when the interest rate is 15%, how much do you need to deposit in the account? 5:l B. If you place $6,100 in a savings account, how much will you have at the end of 8 years with a 12% interest rate? 5:l C. You invest $8,000 per year for 11 years at 12% interest, how much will you have at the end of 11 years? 5:l D. You win the lottery and can either reoeiye $}'40,000 as a lump sum or $40,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why? [:1 Take the $40,000 per year for 20 years because It Is more money. Take the lump sum $740,000 because it is more money
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