Calculate Answers to the Following Questions Using Future Value And/or

question 45

Essay

Calculate answers to the following questions using future value and/or present value tables.
a.If an accumulation of $1,000 is desired at the end of four years,what bank deposit must be made now to accomplish that goal,assuming 10 percent interest compounded annually?
b.A deposit of $600 made at the end of every six months for five years would grow to what amount,assuming 8 percent interest compounded semiannually.Round amounts to the nearest dollar.

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Definitions:

Personal Appeals

Requests or messages that are made on a personal level, often involving emotional or relational elements, to persuade or influence.

Ingratiation

A strategy of winning favor and putting oneself in the good graces of others before making a request.

Rational Appeals

The use of logic, reason, and evidence to convince another person that cooperation in a task is worthwhile.

Ingratiation

A psychological technique wherein an individual attempts to become more likable to their target, often through flattery or other forms of manipulation.