S05-03 Calculating Present Values [LO2]For each of the following, compute the present value: (Do not round intermediatecalculations and round your answers to 2 decimal places, e.g., 32.16.)Present ValueYears1792335Interest Rate9%7%13 %21 %Future Value$16,83248,318886,073550,164

Present Value :— It means Value of cash flow in present day. It is calculated as follows :—…

Answered: S05-03 Calculating Present Values [LO2]…

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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Am. 106.
3. Fill in the blanks
Hw 3
5
Subject :- Account
For each of the following, compute the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
2. Fill in the blanks
Solve for the unknown Interest rate in each of the following: (Do not round Intermediate calculations and round your final answers to 2 decimal places.) 1 38,861 4 19 Interest Rate * * *4 Future Value 1,388 185,982 537,618
Evaluate R 0.069i 1 − (1 + 0.069i)−n when R = 95,000, i = 0.05, and n = 360. (Round your answer to two decimal places.)
Y8 17 and 18 Important: Don't include signs like $ or % in your answers. Pay close attention to the rounding instructions. For example, if the question instructs you to "round to the nearest cent" or "round to two decimal places", and the answer you found is $12,678.04678, you need to submit 12678.05. Some questions may ask you to round to the nearest whole number or nearest dollar, in which case the answer would be 12678. Tolerance: Be careful with rounding and do not round until you arrive at the final answer. Answer tolerance is ±1 at the last digit based on the decimal place accuracy required by that question. For example, if a question asks you to round to the nearest cent (two decimal places) and the correct is $1,235.06, answers within ± 0.01 ($1,235.05 to $1,235.07) will count as correct. As another example, if a question asks you to round a percent answer to one decimal place and the correct answer is 4.6%, answers within ± 0.1% (4.5% to 4.7%) will count as correct.…
Please correct answer and step by step solution
b. Substitute and Solve Find the Value of I/PT if I=63 P-840 and t 219/365 i. ii. Find the Value of FV(1-rt) if FV=1200, r = 0.175 and t= 256/365 ( Round the answer to 2 decimal places) Q7: Evaluate and simplify as necessary the following CLR 2- Obj. 2 & 3 (-4) x (-4)

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S05-03 Calculating Present Values [LO2] For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 17 9 233 35 Interest Rate 9% 7% 13 % 21 % Future Value $ 16,832 48,318 886,073 550,164