A single payment of $15,000 @ 5% for 8 years.Please identify which table you used. Present Value of $1Periods1.0%2.0%3.0%3.75%4.0%4.25%5.0%10.990100.980390.970870.963860.961540.959230.9523820.980300.961170.942600.929020.924560.920130.907030.970590.942320.915140.895440.889000.882620.8638440.960980.923850.888490.863070.854800.846630.822700.951470.905730.862610.831880.821930.812120.783536.0.942050.887970.837480.801810.790310.779010.7462270.932720.870560.813090.772830.759920.747250.7106880.923480.853490.789410.744900.730690.716790.676849.0.914340.836760.766420.717970.702590.687570.64461100.905290.820350.744090.692020.675560.659540.61391 Present Value of Annuity of $1Periods1.0%2.0%3.0%3.75%4.0%4.25%5.0%10.990100.980390.970870.963860.961540.959230.9523821.970401.941561.913471.892871.886091.879361.8594132.940992.883882.828612.788312.775092.761982.7232543.901973.807733.717103.651383.629903.608613.545954.853434.713464.579714.483264.451824.420734.329485.795485.601435.417195.285075.242145.199745.0756976.728196.471996.230286.057906.002055.946995.7863787.651687.325487.019696.802806.732746.663786.463219.8.566028.162247.786117.520777.435337.351357.10782109.471308.982598.530208.212798.110908.010897.72173

Present Value(PV) is value of a future amount at current point of time. It is done by discounting…

Answered: A single payment of $15,000 @ 5% for 8…

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A single payment of $15,000 @ 5% for 8 years. Please identify which table you used.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

A single payment of $15,000 @ 5% for 8 years.

Please identify which table you used.

Present Value of $1
Periods
1.0%
2.0%
3.0%
3.75%
4.0%
4.25%
5.0%
1
0.99010
0.98039
0.97087
0.96386
0.96154
0.95923
0.95238
2
0.98030
0.96117
0.94260
0.92902
0.92456
0.92013
0.90703
0.97059
0.94232
0.91514
0.89544
0.88900
0.88262
0.86384
4
0.96098
0.92385
0.88849
0.86307
0.85480
0.84663
0.82270
0.95147
0.90573
0.86261
0.83188
0.82193
0.81212
0.78353
6.
0.94205
0.88797
0.83748
0.80181
0.79031
0.77901
0.74622
7
0.93272
0.87056
0.81309
0.77283
0.75992
0.74725
0.71068
8
0.92348
0.85349
0.78941
0.74490
0.73069
0.71679
0.67684
9.
0.91434
0.83676
0.76642
0.71797
0.70259
0.68757
0.64461
10
0.90529
0.82035
0.74409
0.69202
0.67556
0.65954
0.61391

Present Value of Annuity of $1
Periods
1.0%
2.0%
3.0%
3.75%
4.0%
4.25%
5.0%
1
0.99010
0.98039
0.97087
0.96386
0.96154
0.95923
0.95238
2
1.97040
1.94156
1.91347
1.89287
1.88609
1.87936
1.85941
3
2.94099
2.88388
2.82861
2.78831
2.77509
2.76198
2.72325
4
3.90197
3.80773
3.71710
3.65138
3.62990
3.60861
3.54595
4.85343
4.71346
4.57971
4.48326
4.45182
4.42073
4.32948
5.79548
5.60143
5.41719
5.28507
5.24214
5.19974
5.07569
7
6.72819
6.47199
6.23028
6.05790
6.00205
5.94699
5.78637
8
7.65168
7.32548
7.01969
6.80280
6.73274
6.66378
6.46321
9.
8.56602
8.16224
7.78611
7.52077
7.43533
7.35135
7.10782
10
9.47130
8.98259
8.53020
8.21279
8.11090
8.01089
7.72173

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