Exercise B-18 (Algo) Practical applications of the time value of money LO P1, P2, P3, P4Provided are links to the present and future value tables: (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) fromthe tables provided. Round your answer to the nearest whole dollar.)a. How much would you have to deposit today if you wanted to have $64,000 in three years? Annual interest rate is 10%.b. Assume that you are saving up for a trip around the world when you graduate in three years. If you can earn 6% on yourinvestments, how much would you have to deposit today to have $18,000 when you graduate? (Round your answer to 2 decimalplaces.)c-1. Calculate the future value of an investment of $774 for ten years earning an interest of 9%. (Round your answer to 2 decimalplaces.)c-2. Would you rather have $774 now or $1,800 ten years from now?d. Assume that a college parking sticker today costs $92. If the cost of parking is increasing at the rate of 6% per year, how much willthe college parking sticker cost in seven years? (Round your answer to 2 decimal places.)e. Assume that the average price of a new home is $132,500. If the cost of a new home is increasing at a rate of 7% per year, howmuch will a new home cost in eight years? (Round your answer to 2 decimal places.)f. An investment will pay you $13,000 in 9 years, and it also will pay you $360 at the end of each of the next 9 years (years 1 through9). If the annual interest rate is 5%, how much would you be willing to pay today for this type of investment? (Round your intermediatecalculations and final answer to the nearest whole dollar.)g. A college student is reported in the newspaper as having won $13,500,000 in the Kansas State Lottery. However, as is often thecustom with lotteries, she does not actually receive the entire $13.5 million now. Instead she will receive $675,000 at the end of theyear for each of the next 20 years. If the annual interest rate is 7%, what is the present value (today's amount) that she won? (ignoretaxes). (Round your answer to nearest whole dollar.)a. Present valueb. Present valuec-1. Future valuec-2. Would you rather have $774 now or $1,800 ten years from now?d. Future valuee. Future valuef. Present valueg. Present value

PV stands for Present Value and refers to the current value of a future sum of money or cash flow,…

Exercise B-18 (Algo) Practical applications of the time valu Provided are links to the present and future value tables: (PV of $1, FV of $ the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $64,0 b. Assume that you are saving up for a trip around the world when you gra investments, how much would you have to deposit today to have $18,000 places.) c-1. Calculate the future value of an investment of $774 for ten years earnin places.) c-2. Would you rather have $774 now or $1,800 ten years from now? d. Assume that a college parking sticker today costs $92. If the cost of par

Exercise B-18 (Algo) Practical applications of the time valu Provided are links to the present and future value tables: (PV of $1, FV of $ the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $64,0 b. Assume that you are saving up for a trip around the world when you gra investments, how much would you have to deposit today to have $18,000 places.) c-1. Calculate the future value of an investment of $774 for ten years earnin places.) c-2. Would you rather have $774 now or $1,800 ten years from now? d. Assume that a college parking sticker today costs $92. If the cost of par

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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Question 3 You are considering to invest in a savings plan. The plan offers a rate of return of 8 percent per year. The plan requires youto save RM1,500, RM1,250, and RM6,400 at the end of each year for the next three years, respectively, how much do you need to savetoday?Select one:A. RM11.623B. RM7 203C. RM8,449D. RM7.541
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Suppose you would like to invest your money for your future. You have three choices of funding agencies namely, FA 1, FA 2, and FA 3. Based on the given data below, compute for the future interest of each funding agency. What would you choose? Explain your answer. (Kindly explain your answer and put a step-by-step formula. I can't understand excel)
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suppose you are planning to buy a home in 8 years from now that costs you 47114 OMR, How much should you save each year in your bank account that pays 6.012 percent to reach your goal? Select one: O a. 4758.17 Ob. 4321.71 Oc. 466508.69 Od. None of the options O e. 3651.77
Determine the present value of the following single amounts. Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) 1. 2 3. 4. Future Amount $ $ $ $ 32,000 26,000 37,000 52,000 i= 5% 6% 11% 10% n = 11 19 40 13 Present Value