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Compute the amount that a $42,000 investment today would accumulate at 11% (compound interest) by the end of 6 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Click here to view factor tables Future Values Daniel wants to retire at the end of this year (2020). His life expectancy is 20 years from his retirement. Daniel has come to you, his CPA, to learn how much he should deposit on December 31, 2020 to be able to withdraw $70,000 at the end of each year for the next 20 years, assuming the amount on deposit will earn 8% interest annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Click here to view factor tables Present Values Nancy Thomas has a $2,800 overdue debt for medical books and supplies at Joe's Bookstore. She has only $900 in her checking account and doesn't want her parents to know about this debt. Joe's tells her that she may settle the account in one of two ways since she can't pay it all now: 1. Pay $900 now and $2,200 when she completes her residency, 2 years from today. 2. Pay $3,700 one year after completion of residency, 3 years from today. Assuming that the cost of money is the only factor in Nancy's decision and that the cost of money to her is 6%, which alternative should she choose? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to o decimal places, e.g. 458,581.) Click here to view factor tables Present Value of Alternative 1 s Present Value of Alternative 2 $ On the present value basis, is preferable

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