question archive Q1) What would be the value of a savings account started with $1490 , earning 4 percent (compounded annually) after 19 years? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D] (Round your answer to the nearest whole number
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Q1) What would be the value of a savings account started with $1490 , earning 4 percent (compounded annually) after 19 years?
Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
Q2 Brenda Young desires to have $17900 saved after 15 years from now for her kid's college fund. If she will earn 3 percent (compounded annually) on her money, what amount should she deposit now?
Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, OR Exhibit 1-D]
(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)