# 4a 4b Payment and frequency (PMT) $1,200 end of quarter $475.50 per month (end) 4c S per every six months (end) 4d $985.55 per quarter (end) Time in years (n) 6 years 190 payments 9 years Interest rate and compound frequency (I/Y) 5% compounded quarterly 6%% compounded quarterly 4% compounded monthly 17.95% compounded years monthly Present Value (PV) Not Applicable $18,000 Not Applicable Future Value (FV) Not Applicable Not Applicable $1,000,000
# 4a 4b Payment and frequency (PMT) $1,200 end of quarter $475.50 per month (end) 4c S per every six months (end) 4d $985.55 per quarter (end) Time in years (n) 6 years 190 payments 9 years Interest rate and compound frequency (I/Y) 5% compounded quarterly 6%% compounded quarterly 4% compounded monthly 17.95% compounded years monthly Present Value (PV) Not Applicable $18,000 Not Applicable Future Value (FV) Not Applicable Not Applicable $1,000,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 8E: Cash Flow Amounts R. Lee Rouse borrows 10,000 that is to be repaid in 24 equal monthly installments...
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Topic Video
Question
![Payment and
frequency
(PMT)
$1,200 end of
quarter
4b $475.50 per
month (end)
#
4a
4c S
per every six
months (end)
4d $985.55 per
quarter (end)
4e $2,000 at the
beginning of
every six
months
4f $240 at the
beginning of
every 3 months
Time in years
(n)
6 years
190 payments
9 years
years
12 years and 6
months
39 months
Interest rate and
compound
frequency (I/Y)
5% compounded
quarterly
64% compounded
quarterly
4% compounded
monthly
17.95% compounded
monthly
%
yearly
2.95% compounded
semi-annually
Present Value
(PV)
Not Applicable
$18,000
Not Applicable
$39,000
Not Applicable
Future Value
(FV)
Not Applicable
Not Applicable
$1,000,000
Not Applicable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F43db1c21-26d3-473a-8503-cd8e5f43a3f8%2Fd25e909c-0bd1-42f8-90fd-a3f5875dbbd2%2Fuiqao4b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Payment and
frequency
(PMT)
$1,200 end of
quarter
4b $475.50 per
month (end)
#
4a
4c S
per every six
months (end)
4d $985.55 per
quarter (end)
4e $2,000 at the
beginning of
every six
months
4f $240 at the
beginning of
every 3 months
Time in years
(n)
6 years
190 payments
9 years
years
12 years and 6
months
39 months
Interest rate and
compound
frequency (I/Y)
5% compounded
quarterly
64% compounded
quarterly
4% compounded
monthly
17.95% compounded
monthly
%
yearly
2.95% compounded
semi-annually
Present Value
(PV)
Not Applicable
$18,000
Not Applicable
$39,000
Not Applicable
Future Value
(FV)
Not Applicable
Not Applicable
$1,000,000
Not Applicable
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