How much would be in your savings account in six years

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Reference no: EM131991218

1. How much would be in your savings account in 6 years after depositing $140 today if the bank pays 8 percent per year? Show your work for your answers and round to 2 decimals.

2. Compute the present value of $9,000 paid in three years using the following discount rates; 6 percent in the first year, 7 percent in the second year, and 6 percent in the third year. Show your work for your answers and round to 2 decimals.

3. Compute the present value of $7,000 paid in two years using the following discount rates; 4 percent in the first year and 6 percent in the second year. Show your work for your answers and round to 2 decimals.

Reference no: EM131991218

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