Question: Using the present value and future value tables, a financial calculator, or a spreadsheet, answer the following questions. a. $ 8,000 is to be deposited

Using the present value and tables, a financial calculator, or a spreadsheet, answer the following questions.
a. $ 8,000 is to be deposited at the end of each year for the next five years. What is the FV of this investment if 8% interest is compounded annually?
b. $ 8,000 is to be deposited at the beginning of each semiannual period for the next five years. What is the FV of this investment if 8% interest is compounded semiannually?
c. $ 5,000 is to be received at the end of each year for the next six years. What is the PV of this investment if 10% interest is compounded annually?
d. $ 5,000 is to be received at the beginning of each semiannual period for the next six years. What is the PV of this investment if 10% interest is compounded semiannually?

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a This is considered an ordinary annuity because the deposits occur at the end of the year Using FV ... View full answer

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