Complete the following using present value. (Use the Table 12.3 provided.)Note: Do not round Intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4decimal places and final answer to the nearest cent.Amountdesired atend of periodS9,900Lengthof time3 yearsRateCompounded12 % MonthlyOn PV Table 12.3PeriodusedRate used96PV factor usedPV of amountdesired atend of period

Present value (PV) is the current value of a future value or stream of future cash flows at a…

Answered: Complete the following using present…

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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Find the effective rate corresponding to the given nominal rate. (Use a 365-day year.) 6%/year compounded semiannually ____ %/year
Complete the following using present value. (Use the Table 12.3.) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. Amount desired at end of period $ 18,500 Length of time 5 years Rate Compounded 8 % Quarterly On PV Table 12.3 Period used Rate used % PV factor used PV of amount desired at end of period
Find the EAR in each of the following cases. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year. Number of Times Stated Rate (APR) Compounded Effective Rate (EAR) 9.75 % Quarterly % 16.25 % Monthly % 15.75 % Daily % 11.75 % Semiannually %
Complete the following using present value. (Use the Table 12.3.) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. Amount desired at end of period $ 19,200 Length of time 4 years Rate Compounded 12% Quarterly On PV Table 12.3 Period used Rate used % PV factor used PV of amount desired at end of period
Use the present value table to complete: Note: Round the "PV factor" answer to 4 decimal places. Future Amount Length of Time Desired $ 12,000 12 years Rate Compounded 12% semiannually Table Periods A Rate Used P.V. P.V. Factor Amount C D
Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $7000, deposited at 7% compounded quarterly, to reach at least $8000 The time required is year(s). (Type an integer or decimal rounded up to the next quarter.)
None
An estimate has the following cost and revenue cash flows. The cash flows are assumed to occur at the end of the year. (a) If interest is 10%, find the net present worth, net future worth, and net annual equivalentworth.(b) Find the rate of return. (Hint: The guessing range is 25 to 30%).(c) Present a summary of the four methods Year Cost Revenue 0 $800 $0 1 - $450 2 - $425 3 - $400
Find the APY corresponding to the following nominal rate. 8% compounded quarterly The APY is %. (Type an integer or a decimal. Round to the nearest hundredth as needed.)
Solve the following exercise by using the present value formula. Do not round intermediate calculations. Round your answers to the nearest cent. Compound Amount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $13,000 7 years 8.5 semiannually $ $
Find the rate percent for the following values. new amount $5; original amount $20 The rate percent is %. (Type an integer or a decimal.)
Find the APY corresponding to the following nominal rate. 7% compounded quarterly The APY is %. (Type an integer or a decimal. Round to the nearest hundredth as needed.)

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