What is the amount a person would have to deposit today (present value) at 13 percent interest rate to have $10500 saved 18 years from now.Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D](Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.)Your Answer:Question 4 options:Answer
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Question 5(1 point)
What is the amount you would have to deposit today to be able to take out $1670 a year for 8 years from an account earning 8 percent.Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D](Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.)Your Answer:Question 5 options:Answer
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Question 6(1 point)
If you desire to have$57100 for a down payment for a house in 8 years, what amount would you need to deposit today? Assume that your money will earn 6 percent.Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D](Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.)Your Answer:Question 6 options:Answer
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Question 7(1 point)
Pete Morton is planning to go to graduate school in a program of study that will take3years. Pete wants to have $14900available each year for various school and living expenses. If he earns8percent on his money, how much must be deposit at the start of his studies to be able to withdraw$14900a year for3years?Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D](Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.)Your Answer:Question 7 options:Answer
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Question 8(1 point)
Carla Lopez deposits $7180 a year into her retirement account. If these funds have an average earning of3 percent over the6 years until her retirement, what will be the value of her retirement account?Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D](Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.)Your Answer:Question 8 options:Answer
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Question 9(1 point)
If a person spends $28a week on coffee (52 weeks in a year), what would be the future value of that amount over11years if the funds were deposited in an account earning7percent?Use the appropriate Time Value of Money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D](Round your answer to the nearest whole number. Do not include the comma, period, and “$” sign in your response.)Your Answer:Question 9 options:Answer
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Chapter 1 LO 1.3

Question 10(1 point)
Question 10 options:A financial company that advertises on television will pay you $65,000 now for annual payments of $9,400 that you are expected to receive for a legal settlement over the next 8 years. Assume you estimate the time value of money at 10 percent.Use the appropriate time value of money table [Exhibit 1-A,Exhibit 1-B,Exhibit 1-C, ORExhibit 1-D].(a)What is the present value?(Round your answer to the nearest whole number. Omit thecomma, period, and”$” sign in your response.)(b)Would you accept this offer?[Enter “Yes” or “No”]
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