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

question 90

Essay

Calculate answers to the following using future value and/or present value tables:
a.If an accumulation of $1,000 is desired at the end of 4 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 6 months for 5 years would grow to what amount,assuming 8 percent interest compounded semiannually.

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Definitions:

Economic Action

Activities undertaken by individuals, businesses, or governments to produce, distribute, or consume goods and services within an economy.

Alternative Outcomes

Different possible results or endings that can occur from a set of circumstances or decision-making processes.

Egg Market

The commercial market involved in the production, distribution, and sale of eggs.

Egg Demand

The desire or market requirement for eggs, influenced by factors such as price, income, and preferences.