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In: Finance

19. PLEASE SHOW EXCEL WORK AND ANSWER ONLY B THANKS! Use future value and present value...

19. PLEASE SHOW EXCEL WORK AND ANSWER ONLY B THANKS!

Use future value and present value calculations (Use Exhibit 1-A, Exhibit 1-B, Exhibit 1-C) to determine the following:


a.

The future value of a $600 savings deposit after eight years at an annual interest rate of 6 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

  Future value $   956.40
b.

The future value of saving $1,800 a year for five years at an annual interest rate of 5 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

  Future value $   
c.

The present value of a savings account that will earn 3 percent annual interest and be worth $2,000 at the end of four years. (Round time value factor to 3 decimal places and final answer to the nearest whole dollar.)

  Present value $   1770.00

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