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Business, 22.09.2020 20:01 Nadi4753

Use future value and present value calculations to determine the following: (a) The future value of a $660 savings deposit after eight years at an annual interest rate of 3 percent. Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) (b) The future value of saving $1,660 a year for five years at an annual interest rate of 6 percent. Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) (c) The present value of a $2,310 savings account that will earn 3 percent interest for four years. Use Exhibit 1-C. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

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Use future value and present value calculations to determine the following: (a) The future value of...
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