Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Roundyour answer to the nearest cent.)Amount of annuityexpectedPresent value (amountneeded now to invest toreceive annuity)InterestPaymentTimerate$900Annually4 years6 % TABLE13-2Present value of an annuity of $1Perlod2%3%4%5%6%7%8%9%10%11%12%13%10.98040.97090.96150.95240.94340.93460.92590.91740.90910.90090.89290.88501.94161.91351.88611.85941.83341.80801.78331.75911.73551.71251.69011.66812.88392.82862.77512.72322.67302.62432.57712.53132.48692.44372.40182.361243.80773.71713.62993.54593.46513.38723.31213.23973.16993.10243.03732.97454.7 1344.57974.45184.32954.21244.10023.99273.88973.79083.69593.60483.51725.60145.41725.24215.07574.91734.76654.62294.48594.35534.23054.11143.99756.47206.23036.00215.78645.58245.38935.20645.03304.86844.71224.56384.42268.7.32557.01976.73276.46326.20985.97 135.74665.53485.33495.14614.96764.79886.8.16227.78617.43537.10786.80176.51526.24695.99525.75905.53705.32825.1317108.98268.53028.11097.72177.36017.02366.71016.41776.14465.88925.65025.4262119.78689.25268.76058.30647.88697.49877.13906.80526.49516.20655.93775.68691210.57539.95409.38518.86328.38387.94277.53617.16076.81376.49246.19445.91761311.348310.63509.98569.39368.85278.35767.90387.48697.10346.74996.42356.12181412.106211.296110.56319.89869.29508.74558.24427.78627.36676.98196.62826.30251512.849211.937911.118410.37969.71229.10798.55958.06077.60617.19096.81096.46241613.577712.561111.652310.837810.10599.44668.85148.31267.82377.37926.97406.60391714.291813.166112.165711.274110.47739.76329.12168.54368.02167.54887.11966.72911814.992013.753512.659311.689610.827610.05919.37 198.75568.20147.70167.24976.83991915.678414.323813.133912.085311.158110.33569.60368.95018.36497.83937.36586.93802016.351414.877513.590312.462211.469910.59409.81819.12858.51367.96337.46947.02482519.523417.413115.622114.093912.783411.653610.67489.82269.07708.42177.84317.33003022.396419.600417.292015.372413.764812.409011.257810.27379.42698.69388.05527.49574027.355423.114819.792817.159115.046313.331711.924610.75749.77908.95118.24387.63445031.423625.729821.482218.255915.761913.800712.233510.96179.91489.04178.30457.67523.LO

Ans. For computing the value of an ordinary annuity the present value factors should be taken into…

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of annuity expected Present value (amount needed now to invest to receive annuity) Interest Payment Time rate $ 900 Annually 4 years 6 %

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of annuity expected Present value (amount needed now to invest to receive annuity) Interest Payment Time rate $ 900 Annually 4 years 6 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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