Present and future value tables of $1 at 9% are presented below.1 0.917432345PV of $160.841680.772180.708430.649930.59627$29,924$32,617O $27,250O $26,800FV of $11.1.090001.188101.29503PVA of $10.917431.759112.531291.41158 3.239721.53862 3.889651.67710 4.48592FVAD of $11.09002.27813.57314.98476.52338.2004FVA of $11.00002.0900Claudine Corporation will deposit $5,000 into a money market sinking fund at the end of each year for the next five years. How much willaccumulate by the end of the fifth and final payment if the sinking fund earns 9% interest?3.27814.57315.98477.5233

The future value of an annuity is an important concept in accounting that is used in a variety of…

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Present and future value tables of $1 at 9% are presented below.

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

Present and future value tables of $1 at 9% are presented below.
1 0.91743
2
3
4
5
PV of $1
6
0.84168
0.77218
0.70843
0.64993
0.59627
$29,924
$32,617
O $27,250
O $26,800
FV of $1
1.
1.09000
1.18810
1.29503
PVA of $1
0.91743
1.75911
2.53129
1.41158 3.23972
1.53862 3.88965
1.67710 4.48592
FVAD of $1
1.0900
2.2781
3.5731
4.9847
6.5233
8.2004
FVA of $1
1.0000
2.0900
Claudine Corporation will deposit $5,000 into a money market sinking fund at the end of each year for the next five years. How much will
accumulate by the end of the fifth and final payment if the sinking fund earns 9% interest?
3.2781
4.5731
5.9847
7.5233

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