Find the requested value (to the nearest dollar) and explain what each of the other values represent. (a) Find S: S = 3,500 (1 + 0.02)90 – 1 0.02 $ = S Identify the following. (Assume the rate and...

1.) Find the requested value (to the nearest dollar) and explain what each of the other values represents

a.) Find S

b.) Find R

Extracted text: Find the requested value (to the nearest dollar) and explain what each of the other values represent. (a) Find S: S = 3,500 (1 + 0.02)90 – 1 0.02 $ = S Identify the following. (Assume the rate and time are using the same time period.) periodic payment $ rate time (b) Find R: 70,000 = R (1 + 0.04)15 0.04 R = $ Identify the following. (Assume the rate and time are using the same time period.) future value rate time