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P12-55A (similar to) :3 Question Help Solve various time value of money scenarios. i (Click the icon to view the scenarios.)A Reference i Reference Present Value of $1 Present Value of Annuity of $1 Periods Periods 1% 0.990 1% 0.990 0.980 0.971 0.96Xlla cleuil--UPLIuliai 1 of 2 (0 complete) A Reference - X (Click the loon to view the present value of annulty of $1 table.)

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Answer #1

Future Value = Amount of deposit x FV annuity factor
= $45000 x (1.10)20 = $45000 x 6.727 = $302715

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