Find how much would need to have deposited

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Reference no: EM132728013

Problem 1: Which table would you use to determine how much you would need to have deposited three years ago at 10% compounded annually in order to have $1,000 today?

a. Future value of 1 or present value of 1
b. Future value of an annuity due of 1
c. Future value of an ordinary annuity of 1
d. Present value of an ordinary annuity of 1

Problem 2: The figure .94232 is taken from the column marked 2% and the row marked three periods in a certain interest table. From what interest table is this figure taken?

a. Future value of 1
b. Future value of annuity of 1
c. Present value of 1
d. Present value of annuity of 1

Reference no: EM132728013

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