(a) What is the present value of $31,000 due 12 periods from now, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $31,000 to be received at the end of each of 5 periods, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $

(a) What is the present value of $31,000 due 12 periods from now, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ (b) What is the present value of $31,000 to be received at the end of each of 5 periods, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.) Present value $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Q19 Compute the present value of an $1,450 payment made in 10 years when the discount rate is 12 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PRESENT VALUE?
Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years S 300 1,991 32,905 32,600 Interest Rate 10 % 8 13 20 Future Value $ 1,155 3,750 387,620 199,724
What is the value in year 4 of a $710 cash flow made in year 6 if interest rates are 9 percent? ( do not round intermediate calculations. Round your answer to 2 decimal places.)
Present value = $100; Interest rate = 5%; Number of years 11 (assume annual compounding). What is the future value? Group of answer choices 171.03 155.00 55.00 223.13 Answer with Explanation and with reason of answer is correct or incorrect
3. * Assuming 365 days in a financial year answer the following questions: (a) Find the discounted value of $500 due in 82 days at 9% (compound) interest. (b) Find the discounted value of $500 due in 82 days at a (compound) discount rate of 9%. (c) Find the discounted value of $500 due in 82 days at 9% simple interest. (d) Find the discounted value of $500 due in 82 days at 9% commercial discount. 5. * Assume that somebody has to pay £2000 in three years' time and £3000 in seven years' time. They want to pay off both debts by a single payment in six years' time. Assuming an interest rate of 8% p.a how much do they have to pay?
Vinubhai
don't give answer in image format
For each of the following, compute the present value: (Do no calculations and round your answers to 2 decimal places, e.g., 32 Present Value Years 10 2 14 19 Interest Rate 6% 11 4.3 14 13 Future Value $ 18,728 42,917 804,382 661,816
What is the future value of $5,500 in 17 years at an APR of 8.4 percent compounded semiannualy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value
(b) What is the present value of $30,700 to be received at the end of each of 5 periods, discounted at 10%? (Round answer to 2 decimal places, e.g. 25.25.)
Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):
What is the future value of 20 periodic payments of $5,140 each made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) The future value $ 54502