How much cash must be deposited in a savings account as a

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a. What is the present value of nine annual cash payments of $6,000, to be paid at the end of each year using an interest rate of 4%?

b. What is the present value of $20,000 to be paid at the end of 23 years, using an interest rate of 16%?

c. How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 12 years, assuming that the account will earn 8% interest?

d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 12 years, assuming that the account will earn 14% interest?

Reference no: EM13589988

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