Computing Future and Present Values When answering the following questions, round your answer to the nearest whole number Do not use a negative sign with your answer. What is the future value of equal payments of $20,000 made at the beginning of each of 5 periods, compounded at 7%? Answer 5. What is the present value of equal payments of $16,000 made at the end of 8 periods, compounded at 6%? The payments are deferred for 3 years. Answer

Computing Future and Present Values When answering the following questions, round your answer to the nearest whole number Do not use a negative sign with your answer. What is the future value of equal payments of $20,000 made at the beginning of each of 5 periods, compounded at 7%? Answer 5. What is the present value of equal payments of $16,000 made at the end of 8 periods, compounded at 6%? The payments are deferred for 3 years. Answer

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 7MC

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Instruction: Please calculate the correct amount and show your computation. 1. The future value of P2,500 received today and deposited at 6 percent for five years is 2. The present value of P50,000 to be received 10 years from now, assuming an opportunity cost of 9 percent is, 3. If you expect to retire in 30 years, are currently comfortable living on P 100,000 per year and expect inflation to average 3 percent over the next 30 years, what amount of annual income will you need to live at the same comfort level in 30 years? 4. The future value of a P20,000 annuity due deposited at 8 percent compounded annually for each of the next 10 years is 5. The future value of an ordinary annuity of P1,750 each year for 10 years, deposited at 5 percent is 6. How much is the present value of your investment if you invest P2,000 semi-annually at the start of every six months for a period of 4 years with interest rate of 21 percent per annum? 7. Calculate the present value of your deposits in a…
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What is the future value of equal payments of $20,000 made at the beginning of each of 5 periods, compounded at 7%?	Answer
	5. What is the present value of equal payments of $16,000 made at the end of 8 periods, compounded at 6%? The payments are deferred for 3 years.	Answer