Find solutions to your problems with the help of IDNLearn.com's knowledgeable users. Our platform is designed to provide reliable and thorough answers to all your questions, no matter the topic.

time value of money: basics using the equations and tables in appendix 12a of this chapter, determine the answers to each of the following independent situations: round all answers to the nearest whole number. a. the future value in two years of $9,500 invested today in a certificate of deposit with interest compounded annually at 10 percent. $answer b. the present value of $11,000 to be received in five years, discounted at 8 percent. $answer c. the present value of an annuity of $24,500 per year for four years discounted at 12 percent. $answer d. an initial investment of $46,220 is to be returned in six equal annual payments. determine the amount of each payment if the interest rate is 16 percent. $answer