Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.a. $200 per year for 12 years at 10%.$b. $100 per year for 6 years at 5%.$c. $800 per year for 6 years at 0%.$d. Rework previous parts assuming they are annuities due.Present value of $200 per year for 12 years at 10%: $Present value of $100 per year for 6 years at 5%: $Present value of $800 per year for 6 years at 0%: $

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Answered: Find the present values of these…

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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3 O Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $400 per year for 16 years at 6%. $ 2,790.13 b. $200 per year for 8 years at 3%. $ 1,768.79 c. $900 per year for 8 years at 0%. 7,200 d. Rework parts a, b, and c assuming they are annuities due. Future value of $400 per year for 16 years at 6%: $ Future value of $200 per year for 8 years at 3%: $ Future value of $900 per year for 8 years at 0%: $ $ 2,962.29 1,852.24 7,200
Please show working. please answer a, b, c and d Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $300 compounded for 1 year at 7%. b. An initial $300 compounded for 2 years at 7%. c. The present value of $300 due in 1 year at a discount rate of 7%. d. The present value of $300 due in 2 years at a discount rate of 7%.
Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due. Present value of $800 per year for 10 years at 14%: $ Present value of $400 per year for 5 years at 7%: $ Present value of $800 per year for 5 years at 0%: $
Annuity X pays $115 at each year-end for 3 years. Annuity Y pays $105 at the beginning of each year for 3 years. The effective annual rate is 10%. Which one is correct?A. Annuity X has a higher present value than Annuity Y.B. Annuity Y has a higher present value than Annuity X.C. Annuity X has the same present value as Annuity Y
Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $900 per year for 12 years at 6%. $ b. $450 per year for 6 years at 3%. $ c. $700 per year for 6 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $900 per year for 12 years at 6%: $ Present value of $450 per year for 6 years at 3%: $ Present value of $700 per year for 6 years at 0%: $
Compute the present value of $1,000 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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What is the present value of a $1,300 payment made in five years when the discount rate is 10 percent? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Present value

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