Current Attempt in Progress Using the appropriate interest table, answer the following questions. (Each case is independent of the others.) *(a) Click here to view factor tables What is the future value of 18 periodic payments of $6,200 each, Made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) $

Current Attempt in Progress Using the appropriate interest table, answer the following questions. (Each case is independent of the others.) *(a) Click here to view factor tables What is the future value of 18 periodic payments of $6,200 each, Made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) $

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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Compute the number of years (t) if future value (FV) = $6,636, present value (FV) = $1,895, and interest rate (r) = 11.6%,. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Compute the interest rate if future value (FV) = $7,198, present value (FV) = $2,694, and number of years (t) = 9. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods. (a) Click here to view factor tables. $30,000 receivable at the end of each period for 8 periods compounded at 12%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, eg. 458,581.) Present value $ Show Transcribed Text Click here to view factor tables. $30,000 payments to be made at the end of each period for 16 periods at 9%. (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581.) Present value $ Show Transcribed Text Click here to view factor tables. $30,000 payable at the end of the seventh, eighth, ninth, and tenth periods at 12%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Present value $ Show Transcribed Text
For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): years Interest Rate Future Value 14 8 16,151 5 14 58,557 30 15 893,073 35 8 557,164
Solve for the unknown number of years in each of the following. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value 610 860 18900 22000 yaer Interest Rate 10 11 16 13 Futur Value 1,747 2,200 275,672 321,293
For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value 2,200 12 12 % 8,652 6 10 75,355 13 11 182,796 %24
For each of the following compute the present value.
Assume that you must estimate what the future value will be two years from today using the future value of 1 table. (PV of $1, EV of $1. PVA of $1, and FVA of $1) Which interest rate column and number-of-periods row do you use when working with the following rates? (Round percentage answers to 2 decimal places.) Answer is complete but not entirely correct. Number of Periods 1. 12% annual rate, compounded annually 2.8% annual rate, compounded semiannually 3. 12% annual rate, compounded quarterly 4. 12% annual rate, compounded monthly Interest Rate 12.00 2.00 3.00 1.00 % % % % 2 80 24
Required: Solve for the unknown number of years in each of the following. (Round your answers to 2 decimal places (e.g., 32.16).)
For each of the following annuities, calculate the future value. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Future Value Annual Payment Years Interest Rate $ 1,520 10 9% $ 6,540 34 10 $ 3,640 7 10 $ 8,330 36 11
For each of the following annuities, calculate the future value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Future Value Annual Payment Years Interest Rate $ 1,760 10 7 % $ 8,300 32 8 $ 4,200 $ 8,970 29