Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) $ Amount desired at end of period 6,600 Length of time 10 years Rate 2% Compounded semiannually On PV Table 12.3 Period used 120 Rate used 0,2 % PV factor used 0.2400 $ PV of amount desired at end of period 1,584.08
Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) $ Amount desired at end of period 6,600 Length of time 10 years Rate 2% Compounded semiannually On PV Table 12.3 Period used 120 Rate used 0,2 % PV factor used 0.2400 $ PV of amount desired at end of period 1,584.08
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rate
used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.)
Amount
desired at
end of period
6,600
Length
of time
10 years
Rate
2%
Compounded
semiannually
On PV Table 12.3
Period
used
120
Rate used
0.2 %
PV factor used
0.2400
$
PV of amount
desired at
end of period
1,584.08
Transcribed Image Text:Future value interest factor of $1 per period at i% for n periods, FVIF(i,n).
Period 0.5% 1.0% 1.5% 2.0% 2.5%
3.0%
8.0%
1.1000
2
9.5%
1.0950
1.1990
1.3129
1.4377
1.2100
3
4
9.0%
1.0900
1.1881
1.2950
1.4116
1.5386
1.6771
1.8280
1.3310
1.4641
1.6105
5
6
7
1.0800
1.1664
1.2597
1.3605
1.4693
1.5869
1.7138
1.8509
1.9990
2.1589
2.3316
2.5182
2.7196
1.5742
1.7238
1.8876
2.0669
8
1.7716
1.9487
2.1436
2.3579
9
1.0850
1.1772
1.2773
1.3859
1.5037
1.6315
1.7701
1.9206
2.0839
2.2610
2.4532
2.6617
2.8879
3.1334
3.3997
3.6887
1.9926
2.1719
2.3674
2.5804
7.5%
1.0750
1.1556
1.2423
1.3355
1.4356
1.5433
1.6590
1.7835
1.9172
2.0610
2.2156
2.3818
2.5604
2.7524
2.9589
3.1808
3.4194
3.6758
3.9515
4.2479
4.5664
4.9089
5.2771
5.6729
6.0983
2.5937
2.2632
2.4782
2.7137
2.9715
3.2537
2.8127
3.0658
3.3417
3.6425
2.8531
3.1384
3.4523
3.7975
2.9372
3.1722
3.4259
3.7000
3.9703
4.3276
3.5629
3.9013
4.2719
4.6778
5.1222
5.6088
6.1416
4.1772
4.5950
5.0545
4.0023
4.3425
4.7116
3.9960
4.7171
5.5599
4.3157
6.1159
5.1120
5.1417
5.6044
6.1088
4.6610
5.0338
6.7275
5.5466
6.7251
7.4002
5.4365
6.0180
6.6586
7.3639
8.1403
5.8715
6.5296
7.2579
8.0635
8.9543
6.3412
7.0846
7.9111
8.8296
3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0%
1 1.0050 1.0100 1.0150 1.0200 1.0250 1.0300 1.0350 1.0400 1.0450 1.0500 1.0550 1.0600 1.0650 1.0700
1.0100 1.0201 1.0302 1.0404 1.0506 1.0609 1.0712 1.0816 1.0920 1.1025 1.1130 1.1236 1.1342 1.1449
1.0151 1.0303 1.0457 1.0612 1.0769 1.0927 1.1087 1.1249 1.1412 1.1576 1.1742 1.1910 1.2079 1.2250
1.0202 1.0406 1.0614 1.0824 1.1038 1.1255 1.1475 1.1699 1.1925 1.2155 1.2388 1.2625 1.2865 1.3108
1.0253 1.0510 1.0773 1.1041 1.1314 1.1593 1.1877 1.2167 1.2462 1.2763 1.3070 1.3382 1.3701 1.4026
1.0304 1.0615 1.0934 1.1262 1.1597 1.1941 1.2293 1.2653 1.3023
1.3401 1.3788 1.4185 1.4591 1.5007
1.0355 1.0721 1.1098 1.1487 1.1887 1.2299 1.2723 1.3159 1.3609 1.4071 1.4547 1.5036 1.5540 1.6058
1.0407 1.0829 1.1265 1.1717 1.2184 1.2668 1.3168 1.3686 1.4221 1.4775 1.5347 1.5938 1.6550 1.7182
1.0459 1.0937 1.1434 1.1951 1.2489 1.3048 1.3629 1.4233 1.4861 1.5513 1.6191 1.6895 1.7626 1.8385
10 1.0511 1.1046 1.1605 1.2190 1.2801 1.3439 1.4106 1.4802 1.5530 1.6289 1.7081 1.7908 1.8771 1.9672
11 1.0564 1.1157 1.1779 1.2434 1.3121 1.3842 1.4600 1.5395 1.6229 1.7103 1.8021 1.8983 1.9992 2.1049
12 1.0617 1.1268 1.1956 1.2682 1.3449 1.4258 1.5111 1.6010 1.6959 1.7959 1.9012 2.0122 2.1291 2.2522
13 1.0670 1.1381 1.2136 1.2936 1.3785 1.4685 1.5640 1.6651 1.7722 1.8856 2.0058 2.1329 2.2675 2.4098
14 1.0723 1.1495 1.2318 1.3195 1.4130 1.5126 1.6187 1.7317 1.8519 1.9799 2.1161 2.2609 2.4149 2.5785
15 1.0777 1.1610 1.2502 1.3459 1.4483 1.5580 1.6753 1.8009 1.9353 2.0789 2.2325 2.3966 2.5718 2.7590
16 1.0831 1.1726 1.2690 1.3728 1.4845 1.6047 1.7340 1.8730 2.0224 2.1829 2.3553 2.5404 2.7390 2.9522
17 1.0885 1.1843 1.2880 1.4002 1.5216 1.6528 1.7947 1.9479 2.1134 2.2920 2.4848 2.6928 2.9170 3.1588
18 1.0939 1.1961 1.3073 1.4282 1.5597 1.7024 1.8575 2.0258 2.2085 2.4066 2.6215 2.8543 3.1067 3.3799
19 1.0994 1.2081 1.3270 1.4568 1.5987 1.7535 1.9225 2.1068 2.3079 2.5270 2.7656 3.0256 3.3086 3.6165
20 1.1049 1.2202 1.3469 1.4859 1.6386 1.8061 1.9898 2.1911 2.4117 2.6533 2.9178 3.2071 3.5236 3.8697
21 1.1104 1.2324 1.3671 1.5157 1.6796 1.8603 2.0594 2.2788 2.5202 2.7860 3.0782 3.3996 3.7527 4.1406
22
1.1160 1.2447 1.3876 1.5460 1.7216 1.9161 2.1315 2.3699 2.6337 2.9253 3.2475 3.6035 3.9966 4.4304
23 1.1216 1.2572 1.4084 1.5769 1.7646 1.9736 2.2061 2.4647 2.7522 3.0715 3.4262 3.8197 4.2564 4.7405
24 1.1272 1.2697 1.4295 1.6084 1.8087 2.0328 2.2833 2.5633 2.8760 3.2251 3.6146 4.0489 4.5331 5.0724
25 1.1328 1.2824 1.4509 1.6406 1.8539 2.0938 2.3632 2.6658 3.0054 3.3864 3.8134 4.2919 4.8277 5.4274
8.6231
26 1.1385 1.2953 1.4727 1.6734 1.9003 2.1566 2.4460 2.7725 3.1407 3.5557 4.0231 4.5494 5.1415 5.8074 6.5557
9.3992 10.5869
27 1.1442 1.3082 1.4948 1.7069 1.9478 2.2213 2.5316 2.8834 3.2820 3.7335 4.2444 4.8223 5.4757 6.2139 7.0474
9.0490 10.2451 11.5926
28 1.1499 1.3213 1.5172 1.7410 1.9965 2.2879 2.6202 2.9987 3.4297 3.9201 4.4778 5.1117 5.8316 6.6488 7.5759 8.6271 9.8182 11.1671 12.6939
29 1.1556 1.3345 1.5400 1.7758 2.0464 2.3566 2.7119 3.1187 3.5840 4.1161 4.7241 5.4184 6.2107 7.1143 8.1441 9.3173 10.6528 12.1722 13.8998
1.1614 1.3478 1.5631 1.8114 2.0976 2.4273 2.8068 3.2434 3.7453 4.3219 4.9840 5.7435 6.6144 7.6123 8.7550 10.0627 11.5583 13.2677 15.2203
1.1672 1.3613 1.5865 1.8476 2.1500 2.5001 2.9050 3.3731 3.9139 4.5380 5.2581 6.0881 7.0443 8.1451 9.4116 10.8677 12.5407 14.4618 16.6662
1.1730 1.3749 1.6103 1.8845 2.2038 2.5751 3.0067 3.5081 4.0900 4.7649 5.5473 6.4534 7.5022 8.7153 10.1174 11.7371 13.6067 15.7633 18.2495
1.1789 1.3887 1.6345 1.9222 2.2589 2.6523 3.1119 3.6484 4.2740 5.0032 5.8524 6.8406 7.9898 9.3253 10.8763 12.6760 14.7632 17.1820 19.9832
1.1848 1.4026 1.6590 1.9607 2.3153 2.7319 3.2209 3.7943 4.4664 5.2533 6.1742 7.2510 8.5092 9.9781 11.6920 13.6901 16.0181 18.7284 21.8816
1.1907 1.4166 1.68 1.9999 2.3732 2.8139 3.3336 3.9461 4.6673 5.5160 6.5138 7.6861 9.0623 10.6766 12.5689 14.7853 17.3796 20.4140 23.9604
1.1967 1.4308 1.7091 2.0399 2.4325 2.8983 3.4503 4.1039 4.8774 5.7918 6.8721 8.1473 9.6513 11.4239 13.5115 15.9682 18.8569 22.2512 26.2366
1.2027 1.4451 1.7348 2.0807 2.4933 2.9852 3.5710 4.2681 5.0969 6.0814 7.2501 8.6361 10.2786 12.2236 14.5249 17.2456 20.4597
1.2087 1.4595 1.7608 2.1223 2.5557 3.0748 3.6960 4.4388 5.3262 6.3855 7.6488 9.1543 10.9467 13.0793 15.6143 18.6253 22.1988
1.2147 1.4741 1.7872 2.1647 2.6196 3.1670 3.8254 4.6164 5.5659 6.7048 8.0695 9.7035 11.6583 13.9948 16.7853 20.1153 24.0857
1.2208 1.4889 1.8140 2.2080 2.6851 3.2620 3.9593 4.8010 5.8164 7.0400 8.5133 10.2857 12.4161 14.9745 18.0442 21.7245 26.1330
1.2269 1.5038 1.8412 2.2522 2.7522 3.3599 4.0978 4.9931 6.0781 7.3920 8.9815 10.9029 13.2231 16.0227 19.3976 23.4625 28.3543
1.2330 1.5188 1.8688 2.2972 2.8210 3.4607 4.2413 5.1928 6.3516 7.7616 9.4755 11.5570 14.0826 17.1443 20.8524 25.3395 30.7644
1.2392 1.5340 1.8969 2.3432 2.8915 3.5645 4.3897 5.4005 6.6374 8.1497 9.9967 12.2505 14.9980 18.3444 22.4163 27.3666
1.2454 1.5493 1.9253 2.3901 2.9638 3.6715 4.5433 5.6165 6.9361 8.5572 10.5465 12.9855 15.9729 19.6285 24.0975
3.0379
1.2516 1.5648 1.9542 2.4379
3.7816 4.7024 5.8412 7.2482 8.9850 11.1266 13.7646 17.0111 21.0025 25.9048
3.1139
1.2579 1.5805 1.9835 2.4866
3.8950 4.8669 6.0748 7.5744 9.4343 11.7385 14.5905 18.1168 22.4726 27.8477
3.1917 4.0119 5.0373 6.3178 7.9153 9.9060 12.3841 15.4659 19.2944 24.0457 29.9363
4.1323
3.2715
5.2136 6.5705 8.2715 10.4013 13.0653 16.3939 20.5485 25.7289 32.1815
3.3533
5.3961
4.2562
6.8333 8.6437 10.9213 13.7838 17.3775 21.8842 27.5299 34.5951
3.4371 4.3839 5.5849 7.1067 9.0326 11.4674 14.5420 18.4202 23.3067 29.4570 37.1897
9.8497
10.8347
6.8485
7.6868
9.6684
7.3964
8.3401
11.9182
7.9881
13.1100
14.4210
15.8631
17.4494
30
31
32
19.1943
21.1138
33
23.2252
25.5477
28.1024
34
35
36
37
38
39
40
41
42
43
44
45
46
30.9127
34.0039
37.4043
41.1448
45.2593
49.7852
54.7637
24.2538 28.7291
26.4367 31.4584
28.8160 34.4469
31.4094 37.7194
34.2363 41.3027
37.3175 45.2265
40.6761 49.5230
44.3370 54.2277
48.3273 59.3793
52.6767
46.2592 57.4176
50.1912 62.5852
68.2179
33.3794
60.2401
66.2641
72.8905
29.5560 36.2167
31.9204 39.2951
34.4741 42.6352
37.2320
40.2106
65.0204
80.1795
47
71.1973
88.1975
1.2642 1.5963 2.0133 2.5363
1.2705 1.6122 2.0435 2.5871
$1.2768 1.6283 2.0741 2.6388
48
49
50
77.9611
97.0172
85.3674 106.7190
54.4574
1.2832 1.6446 2.1052 2.6916
59.0863
74.3575
93.4773
117.3909
a
43.4274
46.9016
8.5%
10.0%
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