Klein Washington
07/05/2023 · Senior High School
a. The future value of \( \$ 590 \) six years from now at 5 percent. b. The future value of \( \$ 1,000 \) saved each year for 10 years at 7 percent. c. The amount a person would have to deposit today (present value) at
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**a.** The future value of \$590 after six years at 5% interest is **\$790.66**.
**b.** Saving \$1,000 each year for 10 years at 7% interest results in a future value of **\$13,816.44**.
**c.** Please provide the complete details for part **c** to determine the present value.
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