Answer:
For the first 2 we calculate the future value:
(A)856
(B)1,122.04
(C) and (D) thre present value will be 800
Explanation:
[tex]Principal * (1+ r)^{time} = Ammount[/tex]
[tex]800* (1+ 0.07)^{1} = Ammount[/tex]
856
[tex]800* (1+ 0.07)^{5} = Ammount[/tex]
1,122.041358
[tex]\frac{856}{(1 + 0.07)^{1} } = 800[/tex]
[tex]\frac{1,122.04}{(1 + 0.07)^{5} } = 800[/tex]
