Use the appropriate time value of money table

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Reference no: EM131594856

1. What is the future value of $1600 saved each year for 4 years at 2 percent? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

2. What is the amount a person would have to deposit today (present value) at 7 percent interest rate to have $8700 saved 15 years from now. Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

3. What is the amount you would have to deposit today to be able to take out $4230 a year for 10 years from an account earning 10 percent. Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

Reference no: EM131594856

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