a. Compute the future value at the end of 4 years of $900 invested today at an interest rate of 6 per cent and describe two business uses for this specific type of computation.
b. Compute the future value at the end of 4 years of $900 put away in a savings account each of four years at an interest rate of 6 per cent and describe two business uses for this specific type of computation.
c. Explain the time value of money concept and the role of compound interest and opportunity cost in time value of money concept as it relates to business planning.