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Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) p (PV of an Ordinary Annuity) Annuity First Annuity Second Annuity Periodic Cash Flow X X X Present Value < Required 1 Required 2 >

Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) p (PV of an Ordinary Annuity) Annuity First Annuity Second Annuity Periodic Cash Flow X X X Present Value < Required 1 Required 2 >

FINANCIAL ACCOUNTING
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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Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) p (PV of an Ordinary Annuity) Annuity First Annuity Second Annuity Periodic Cash Flow X X X Present Value < Required 1 Required 2 >
Transcribed Image Text:Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) p (PV of an Ordinary Annuity) Annuity First Annuity Second Annuity Periodic Cash Flow X X X Present Value < Required 1 Required 2 >
C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $5,500 each. At the same time, C&H borrowed additional money and agreed to pay it back with a series of four annual payments of $8,250 each. The annual interest rate for both loans is 9%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use factor(s) from the tables provided. Round answers to nearest whole dollar. Round "Table Factor" to 4 decimal places.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) First Annuity First payment Second payment Third payment Fourth payment Fifth payment Sixth payment First payment Second payment Third payment Fourth payment Number of Periods Number of Periods 1 2 3 4 5 6 1 2 3 4 Interest Rate 9% 9% 9% 9% 9% 9% Single Future Payment Interest Rate $ Second Annuity Single Future Payment 9% S 9% 9% 9% 5,500 x 5,500 x 5,500 x 5,500 x 5,500 x 5,500 x < Required 1 8,250 x 8,250 x 8,250 x 8,250 x Table Factor Table Factor Required 2 > = = = = = II = = Present Value $ 0 0 0 0 $ 0 Present Value 0 0
Transcribed Image Text:C&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $5,500 each. At the same time, C&H borrowed additional money and agreed to pay it back with a series of four annual payments of $8,250 each. The annual interest rate for both loans is 9%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use factor(s) from the tables provided. Round answers to nearest whole dollar. Round "Table Factor" to 4 decimal places.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the correct table to find the present value of these two separate annuities. (Round amounts to the nearest dollar.) First Annuity First payment Second payment Third payment Fourth payment Fifth payment Sixth payment First payment Second payment Third payment Fourth payment Number of Periods Number of Periods 1 2 3 4 5 6 1 2 3 4 Interest Rate 9% 9% 9% 9% 9% 9% Single Future Payment Interest Rate $ Second Annuity Single Future Payment 9% S 9% 9% 9% 5,500 x 5,500 x 5,500 x 5,500 x 5,500 x 5,500 x < Required 1 8,250 x 8,250 x 8,250 x 8,250 x Table Factor Table Factor Required 2 > = = = = = II = = Present Value $ 0 0 0 0 $ 0 Present Value 0 0
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