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Category > Business & Finance Posted 01 Jun 2017 My Price 11.00

Using Proper Tables.

  1. Using Proper Tables. In questions a through d, indicate whether you would use the table for determining the future value of a single sum ( FVIF ), the present value of a single sum ( PVIF ),

the future value of an annuity ( FVIFA ), or the pres- ent value of an annuity ( PVIFA ).

    1. You want to know how much you must deposit today to have $5,000 in five years.

    2. You plan to contribute $300 per month to your company’s retirement plan and want to know how much you will have at retirement.

    3. You received $500 as a gift for graduation, and you want to know how much it will be worth in three years if you deposit it in a savings account.

    4. You must decide between accepting a lump- sum settlement and annual payments.

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Homework Helper
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Status NEW Posted 01 Jun 2017 05:06 AM My Price 11.00

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