Directions: Complete the table by computing the future value and present value of an ordinary annuity given the following conditions. Future Present Value (F) Value (P) Monthly payments of P 3.000 for 4 yeas with an interest rate of 3% compounded 1. quarterly. Quarterly payments of P 5,000 for 10 years with an interest rate of 2% compounded annually. Ser 2.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Its about annuities

Activity 1.1
Directions: Complete the table by comooting the luture value and present
Marue of an ordinary annuity given the following conditions.
Present
Value (P)
Future
Value (F)
Monthly payments of P3.000 for 4 years
1.
with an interest rate of 3% compounded
uarterly.
Quarterly pavments of P5,000 for 10
years with an interest rate of 2%
compounded annually.
Semi-annual payments of P105,000 with
13.
an interest rate of 12% compounded
annually for 5 years.
Transcribed Image Text:Activity 1.1 Directions: Complete the table by comooting the luture value and present Marue of an ordinary annuity given the following conditions. Present Value (P) Future Value (F) Monthly payments of P3.000 for 4 years 1. with an interest rate of 3% compounded uarterly. Quarterly pavments of P5,000 for 10 years with an interest rate of 2% compounded annually. Semi-annual payments of P105,000 with 13. an interest rate of 12% compounded annually for 5 years.
Activity 1.2
Direction Complete the table by filling up the columns with the required
values.
R
Monthly payments of
P2,000 for 5 years with an
12%
interest
rate
of
compounded quarterly.
Quarterly payments of
P 15,000 for 10 years with
2.
an interest rate of 8%
compounded annually.
Semi-annual payments of
P150,000 with an interest
3.
rate of 6% compounded
annually for G years.
Transcribed Image Text:Activity 1.2 Direction Complete the table by filling up the columns with the required values. R Monthly payments of P2,000 for 5 years with an 12% interest rate of compounded quarterly. Quarterly payments of P 15,000 for 10 years with 2. an interest rate of 8% compounded annually. Semi-annual payments of P150,000 with an interest 3. rate of 6% compounded annually for G years.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Basics Of Retirement Planning
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education