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

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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