Using time value of money tables, calculate the following. (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. The future value of $490 six years from now at 5 percent. The future value of $600 saved each year for 10 years at 7 percent. The amount a person would have to deposit today (present value) at an interest rate of 7 percent to have $900 five years from now. The amount a person would have to deposit today to be able to take out $600 a year for 10 years from an account earning 9 percent.

Using time value of money tables, calculate the following. (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. The future value of $490 six years from now at 5 percent. The future value of $600 saved each year for 10 years at 7 percent. The amount a person would have to deposit today (present value) at an interest rate of 7 percent to have $900 five years from now. The amount a person would have to deposit today to be able to take out $600 a year for 10 years from an account earning 9 percent.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section: Chapter Questions

Problem 46P

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