Future Value Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,200, and $1,400. D. $5,484.56

N = 5, I = 4, PV = 1000, PMT = 0, CPT FV = 1216.65

N = 4, I = 4, PV = 1200, PMT = 0, CPT FV = 1403.83

N = 3, I = 4, PV = 1200, PMT = 0, CPT FV = 1349.8368

N = 2, I = 4, PV = 1400, PMT = 0, CPT FV = 1514.24

Sum of FV = 5484.56 Future Value Given a 6 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,500. D. $6,726.16

N = 5, I = 6, PV = 1200, PMT = 0, CPT FV = 1605.8707

N = 4, I = 6, PV = 1400, PMT = 0, CPT FV = 1767.4677

N = 3, I = 6, PV = 1400, PMT = 0, CPT FV = 1667.4224

N = 2, I = 6, PV = 1500, PMT = 0, CPT FV = 1685.40

Sum of FV = 6726.16 A. $424,305.97

N = 40**12 = 480, I = 5/12 = .4167, PV = 0, PMT = 200, CPT FV = 305,204.03 N = 25**12 = 300, I = 5/12 = .4167, PV = 0, PMT = 200 (400 - 200), CPT FV = 119,101.94 Sum of FV = 424305.97 Present Value Given a 5 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,400, $1,400, and $1,500. Present Value Given a 7 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,500, and $1,500. Present Value Given a 4 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,200, and $1,400. Given a 6 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,200, $1,400, $1,400, and $1,500. D. $7,808.24, $4,745.78

N = 5 ** 12 = 60, I = 10/12 = .83, PV = 0, PMT = 100, CPT FV = 7808.24 N = 5 ** 12 = 60, I = 10/12 = .83, FV = 0, PMT = 100, CPT PV = 4745.78 C. $1,359.21, $1,069.83

N = 4 ** 12 = 48, I = 6/12 = .5, PV = 0, PMT = 25, CPT FV = 1359.21 N = 4 ** 12 = 48, I = 6/12 = .5, FV = 0, PMT = 25, CPT PV = 1069.83