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What is the future value

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What is the future value of $5130 3 years from now at 5 percent?

What is the future value of $3550 saved each year for 8 years at 3 percent?

What is the amount a person would have to deposit today (present value) at 6 percent interest rate to have $4350 saved 18 years from now.

What is the amount you would have to deposit today to be able to take out $5040 a year for 16 years from an account earning 2 percent.

If you desire to have $22900 for a down payment for a house in 6 years, what amount would you need to deposit today? Assume that your money will earn 2 percent.

Carla Lopez deposits $12310 a year into her retirement account. If these funds have an average earning of 2 percent over the 18 years until her retirement, what will be the value of her retirement account?

If a person spends $31 a week on coffee (52 weeks in a year), what would be the future value of that amount over 12 years if the funds were deposited in an account earning 7 percent?

A financial company that advertises on television will pay you $65,000 now for annual payments of $10,300 that you are expected to receive for a legal settlement over the next 8 years. Assume you estimate the time value of money at 9 percent.

a. What is the present value?

b. Would you accept this offer?

Round all of the answers to the nearest whole number. Omit the comma, period, and "tiny_mce_markerquot; sign in your response.

Reference no: EM133020644

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