Bird Macdonald
08/11/2023 · Junior 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 an interest rate of 9 percent to have \( \$ 600 \) five years from nov d. The amount a person would have to deposit today to be able to take out \( \$ 900 \) a year for 9 years from an account earning 7 percent.

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- **a.** \$790.86 - **b.** \$13,816.44 - **c.** \$390.80 - **d.** \$5,855.23

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