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TABLE 13-2 Present value of an annuity of $1 Perlod 2% 3% 4% 5% 6% 7% 8% 10% 11% 12% 13% 0.9804 09709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 2. 1.9416 1.9135 1.8861 1.8594 18334 1.8080 1,7833 1.7591 1.7355 1.7125 1.6901 1.6681 2.8839 2.8286 2.7751 27232 2.6730 26243 2.5771 2.5313 2.4869 24437 24018 2.3612 4. 3.8077 3.7171 3.6299 35459 34651 33872 33121 3.2397 3.1699 3.1024 3.0373 2.9745 4.7134 4.5797 4 4518 4.3295 4.2124 4.1002 3.9927 3.8897 3,7908 3.6959 3.6048 3.5172 5,6014 54172 5.2421 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 7. 6.4720 6.2303 6.0021 5.7864 55824 53893 52064 5.0330 4.8684 4,7122 4.5638 4.4226 7.3255 7.0197 6.7327 6.4632 6.2098 59713 57466 5.5348 5.3349 51461 4.9676 4.7988 7 4353 7.1078 65152 62469 5.5370 5.3282 9. 8.1622 7.7861 6.8017 5.9952 5.7590 5.1317 10 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 5.4262 11 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 6.2065 5.9377 5.6869 12 10.5753 9.9540 9.3851 8.8632 8.3838 79427 7.5361 7.1607 6.8137 6.4924 6.1944 59176 13 113483 10.6350 9.9856 9.3936 8.8527 8.3576 7.9038 7.4869 7.1034 67499 6.4235 6.1218 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 6.9819 6.6282 6.3025 15 128492 11.9379 11.1184 10.3796 9.7122 9.1079 8.5595 8.0607 7.6061 7.1909 68109 6.4624 16 13.5777 125611 11.6523 10.8378 10.1059 94466 8.8514 8.3126 78237 7.3792 69740 6.6039 17 14.2918 13.1661 12.1657 112741 10.4773 97632 9.1216 85436. 8.0216 7.5488 7.1196 67291 18 14.9920 13.7535 12.6593 11.6896 10.8276 10.0591 9.37 19 8.7556 8.2014 7.7016 7.2497 6.8399 19 15.6784 14.3238 13.1339 120853 11.1581 10.3356 9.6036 8.9501 8.3649 78393 7.3658 6.9380 20 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 85136 7.9633 7.4694 7.0248 25 195234 174131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 9.0770 84217 7.8431 7.3300 30 22.3964 19.6004 17 2920 15.3724 137648 124090 11.2578 10.2737 9.4269 86938 8.0552 74957 40 27.3554 23.1148 19.7928 17.1591 15.0463 133317 11.9246 10.7574 9.7790 8.9511 8.2438 7.6344 50 31.4236 257298 21.4822 18.2559 15.7619 138007 12.2335 10.9617. 99148 9.0417 8.3045 7.6752

TABLE 13-2 Present value of an annuity of $1 Perlod 2% 3% 4% 5% 6% 7% 8% 10% 11% 12% 13% 0.9804 09709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 2. 1.9416 1.9135 1.8861 1.8594 18334 1.8080 1,7833 1.7591 1.7355 1.7125 1.6901 1.6681 2.8839 2.8286 2.7751 27232 2.6730 26243 2.5771 2.5313 2.4869 24437 24018 2.3612 4. 3.8077 3.7171 3.6299 35459 34651 33872 33121 3.2397 3.1699 3.1024 3.0373 2.9745 4.7134 4.5797 4 4518 4.3295 4.2124 4.1002 3.9927 3.8897 3,7908 3.6959 3.6048 3.5172 5,6014 54172 5.2421 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 7. 6.4720 6.2303 6.0021 5.7864 55824 53893 52064 5.0330 4.8684 4,7122 4.5638 4.4226 7.3255 7.0197 6.7327 6.4632 6.2098 59713 57466 5.5348 5.3349 51461 4.9676 4.7988 7 4353 7.1078 65152 62469 5.5370 5.3282 9. 8.1622 7.7861 6.8017 5.9952 5.7590 5.1317 10 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 5.4262 11 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 6.2065 5.9377 5.6869 12 10.5753 9.9540 9.3851 8.8632 8.3838 79427 7.5361 7.1607 6.8137 6.4924 6.1944 59176 13 113483 10.6350 9.9856 9.3936 8.8527 8.3576 7.9038 7.4869 7.1034 67499 6.4235 6.1218 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 6.9819 6.6282 6.3025 15 128492 11.9379 11.1184 10.3796 9.7122 9.1079 8.5595 8.0607 7.6061 7.1909 68109 6.4624 16 13.5777 125611 11.6523 10.8378 10.1059 94466 8.8514 8.3126 78237 7.3792 69740 6.6039 17 14.2918 13.1661 12.1657 112741 10.4773 97632 9.1216 85436. 8.0216 7.5488 7.1196 67291 18 14.9920 13.7535 12.6593 11.6896 10.8276 10.0591 9.37 19 8.7556 8.2014 7.7016 7.2497 6.8399 19 15.6784 14.3238 13.1339 120853 11.1581 10.3356 9.6036 8.9501 8.3649 78393 7.3658 6.9380 20 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 85136 7.9633 7.4694 7.0248 25 195234 174131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 9.0770 84217 7.8431 7.3300 30 22.3964 19.6004 17 2920 15.3724 137648 124090 11.2578 10.2737 9.4269 86938 8.0552 74957 40 27.3554 23.1148 19.7928 17.1591 15.0463 133317 11.9246 10.7574 9.7790 8.9511 8.2438 7.6344 50 31.4236 257298 21.4822 18.2559 15.7619 138007 12.2335 10.9617. 99148 9.0417 8.3045 7.6752

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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TABLE 12.3 Present value of $1 at end of period Perlod 1% 14% 2% 3% 4% 5% 6% 7% 8% 9% 10% 1 .9901 9852 9804 9709 .9615 9524 9434 9346 9259 9174 9091 .9803 9707 .9612 .9426 9246 .9070 .8900 .8734 8573 8417 8264 TABLE 13-2 Present value of an annuity of $1 .9706 9563 9423 .9151 8890 8638 8396 8163 7938 7722 7513 4 .9610 9422 .9238 8885 8548 .8227 7921 7629 7350 7084 .6830 Perlod 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% .9515 .9283 .9057 .8626 8219 7835 7473 7130 .6806 6499 .6209 1 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0,9009 0.8929 0.8850 .9420 9145 8880 8375 7903 7462 7050 6663 6302 5963 .5645 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.7125 1.6901 1.6681 7. .9327 .9010 .8706 .8131 7599 7107 .6651 .6227 .5835 .5470 5132 3 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 2.3612 8. .9235 8877 8535 7894 7307 .6768 .6274 .5820 5403 5019 4665 4 3.8077 3.7171 3.6299 3,5459 3.4651 3.3872 3.3121 3.2397 3.1699 3.1024 3.0373 2.9745 .9143 .8746 .8368 7664 7026 .6446 5919 .5439 5002 4604 4241 4.7134 4.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 3.6959 3.6048 3.5172 10 .9053 .8617 8203 7441 .6756 .6139 5584 5083 4632 4224 3855 6. 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 11 .8963 8489 8043 7224 .6496 .5847 5268 4751 4289 .3875 .3505 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.7122 4.5638 4.4226 12 .8874 .8364 .7885 7014 .6246 5568 4970 4440 3971 3555 3186 8. 7.3255 7.0197 6.7327 6.4632 6.2098 5.97 13 5.7466 5.5348 5.3349 5.1461 4.9676 4.7988 13 .8787 8240 .7730 .6810 6006 5303 4688 4150 3677 3262 2897 9 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 5.5370 5.3282 5.1317 14 8700 8119 .7579 .6611 .5775 5051 4423 3878 3405 2992 2633 10 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 5.4262 15 .8613 .7999 .7430 .6419 5553 4810 4173 3624 3152 2745 2394 11 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 6.2065 5.9377 5.6869 16 .8528 7880 .7284 .6232 5339 4581 3936 3387 2919 2519 2176 12 10.5753 9.9540 9.3851 8.8632 8.3838 7.9427 7.5361 7.1607 6.8137 6.4924 6.1944 5.9176 17 .8444 .7764 .7142 6050 .5134 4363 3714 3166 2703 2311 1978 13 11.3483 10.6350 9.9856 9.3936 8.8527 8.3576 7.9038 7.4869 7.1034 6.7499 6.4235 6.1218 18 .8360 7649 7002 5874 4936 4155 3503 2959 2502 2120 .1799 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 6.9819 6.6282 6.3025 19 .8277 7536 6864 5703 4746 3957 3305 2765 2317 .1945 .1635 15 12.8492 11.9379 11.1184 10.3796 9.7122 9.1079 8.5595 8.0607 7.6061 7.1909 6.8109 6.4624 20 .8195 .7425 .6730 .5537 4564 .3769 3118 2584 2145 .1784 .1486 16 13.5777 12.5611 11.6523 10.8378 10.1059 9.4466 8.8514 8.3126 7.8237 7.3792 6.9740 6.6039 21 .8114 7315 .6598 .5375 4388 3589 2942 2415 .1987 .1637 .1351 17 14.2918 13.1661 12.1657 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 7.5488 7.1196 6.7291 18 14.9920 13.7535 12.6593 11.6896 10.8276 10.0591 9.37 19 8.7556 8.2014 7.7016 7.2497 6.8399 22 .8034 .7207 .6468 5219 4220 34 18 2775 2257 .1839 .1502 .1228 19 15.6784 14.3238 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 7.8393 7.3658 6.9380 23 7954 7100 .6342 5067 4057 3256 2618 2109 .1703 .1378 1117 20 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 7.9633 7.4694 7.0248 24 7876 .6995 .6217 4919 3901 .3101 2470 .1971 1577 1264 .1015 25 19.5234 17.4131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 9.0770 8.4217 7.8431 7.3300 25 .7798 .6892 .6095 4776 3751 2953 2330 1842 1460 .1160 .0923 22.3964 13.7648 8.6938 8.0552 7.4957 26 .7720 6790 5976 • 4637 3607 2812 2198 1722 .1352 .1064 .0839 30 19.6004 17.2920 15.3724 12.4090 11.2578 10.2737 9.4269 40 27.3554 23.1148 19.7928 17.1591 15.0463 13.3317 11.9246 10.7574 9.7790 8.9511 8.2438 7.6344 27 .7644 6690 5859 4502 3468 2678 2074 1609 .1252 0976 .0763 50 31.4236 25.7298 21.4822 18.2559 15.7619 13.8007 12.2335 10.9617 9.9148 9.0417 8.3045 7.6752 28 .7568 6591 5744 .4371 3335 2551 .1956 1504 .1159 .0895 .0693 29 .7493 6494 5631 4243 3207 2429 .1846 .1406 .1073 .0822 .0630 30 .7419 .6398 5521 4120 3083 2314 .1741 .1314 .0994 .0754 .0573 35 .7059 5939 .5000 3554 2534 .1813 .1301 .0937 .0676 .0490 .0356 40 .6717 .5513 4529 .3066 2083 .1420 .0972 .0668 .0460 .0318 .0221 Note: For more detaled tables, see your booklet, the Business Math Handbook.
Transcribed Image Text:TABLE 12.3 Present value of $1 at end of period Perlod 1% 14% 2% 3% 4% 5% 6% 7% 8% 9% 10% 1 .9901 9852 9804 9709 .9615 9524 9434 9346 9259 9174 9091 .9803 9707 .9612 .9426 9246 .9070 .8900 .8734 8573 8417 8264 TABLE 13-2 Present value of an annuity of $1 .9706 9563 9423 .9151 8890 8638 8396 8163 7938 7722 7513 4 .9610 9422 .9238 8885 8548 .8227 7921 7629 7350 7084 .6830 Perlod 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% .9515 .9283 .9057 .8626 8219 7835 7473 7130 .6806 6499 .6209 1 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0,9009 0.8929 0.8850 .9420 9145 8880 8375 7903 7462 7050 6663 6302 5963 .5645 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.7125 1.6901 1.6681 7. .9327 .9010 .8706 .8131 7599 7107 .6651 .6227 .5835 .5470 5132 3 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 2.3612 8. .9235 8877 8535 7894 7307 .6768 .6274 .5820 5403 5019 4665 4 3.8077 3.7171 3.6299 3,5459 3.4651 3.3872 3.3121 3.2397 3.1699 3.1024 3.0373 2.9745 .9143 .8746 .8368 7664 7026 .6446 5919 .5439 5002 4604 4241 4.7134 4.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 3.6959 3.6048 3.5172 10 .9053 .8617 8203 7441 .6756 .6139 5584 5083 4632 4224 3855 6. 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 11 .8963 8489 8043 7224 .6496 .5847 5268 4751 4289 .3875 .3505 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.7122 4.5638 4.4226 12 .8874 .8364 .7885 7014 .6246 5568 4970 4440 3971 3555 3186 8. 7.3255 7.0197 6.7327 6.4632 6.2098 5.97 13 5.7466 5.5348 5.3349 5.1461 4.9676 4.7988 13 .8787 8240 .7730 .6810 6006 5303 4688 4150 3677 3262 2897 9 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 5.5370 5.3282 5.1317 14 8700 8119 .7579 .6611 .5775 5051 4423 3878 3405 2992 2633 10 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 5.4262 15 .8613 .7999 .7430 .6419 5553 4810 4173 3624 3152 2745 2394 11 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 6.2065 5.9377 5.6869 16 .8528 7880 .7284 .6232 5339 4581 3936 3387 2919 2519 2176 12 10.5753 9.9540 9.3851 8.8632 8.3838 7.9427 7.5361 7.1607 6.8137 6.4924 6.1944 5.9176 17 .8444 .7764 .7142 6050 .5134 4363 3714 3166 2703 2311 1978 13 11.3483 10.6350 9.9856 9.3936 8.8527 8.3576 7.9038 7.4869 7.1034 6.7499 6.4235 6.1218 18 .8360 7649 7002 5874 4936 4155 3503 2959 2502 2120 .1799 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 6.9819 6.6282 6.3025 19 .8277 7536 6864 5703 4746 3957 3305 2765 2317 .1945 .1635 15 12.8492 11.9379 11.1184 10.3796 9.7122 9.1079 8.5595 8.0607 7.6061 7.1909 6.8109 6.4624 20 .8195 .7425 .6730 .5537 4564 .3769 3118 2584 2145 .1784 .1486 16 13.5777 12.5611 11.6523 10.8378 10.1059 9.4466 8.8514 8.3126 7.8237 7.3792 6.9740 6.6039 21 .8114 7315 .6598 .5375 4388 3589 2942 2415 .1987 .1637 .1351 17 14.2918 13.1661 12.1657 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 7.5488 7.1196 6.7291 18 14.9920 13.7535 12.6593 11.6896 10.8276 10.0591 9.37 19 8.7556 8.2014 7.7016 7.2497 6.8399 22 .8034 .7207 .6468 5219 4220 34 18 2775 2257 .1839 .1502 .1228 19 15.6784 14.3238 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 7.8393 7.3658 6.9380 23 7954 7100 .6342 5067 4057 3256 2618 2109 .1703 .1378 1117 20 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 7.9633 7.4694 7.0248 24 7876 .6995 .6217 4919 3901 .3101 2470 .1971 1577 1264 .1015 25 19.5234 17.4131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 9.0770 8.4217 7.8431 7.3300 25 .7798 .6892 .6095 4776 3751 2953 2330 1842 1460 .1160 .0923 22.3964 13.7648 8.6938 8.0552 7.4957 26 .7720 6790 5976 • 4637 3607 2812 2198 1722 .1352 .1064 .0839 30 19.6004 17.2920 15.3724 12.4090 11.2578 10.2737 9.4269 40 27.3554 23.1148 19.7928 17.1591 15.0463 13.3317 11.9246 10.7574 9.7790 8.9511 8.2438 7.6344 27 .7644 6690 5859 4502 3468 2678 2074 1609 .1252 0976 .0763 50 31.4236 25.7298 21.4822 18.2559 15.7619 13.8007 12.2335 10.9617 9.9148 9.0417 8.3045 7.6752 28 .7568 6591 5744 .4371 3335 2551 .1956 1504 .1159 .0895 .0693 29 .7493 6494 5631 4243 3207 2429 .1846 .1406 .1073 .0822 .0630 30 .7419 .6398 5521 4120 3083 2314 .1741 .1314 .0994 .0754 .0573 35 .7059 5939 .5000 3554 2534 .1813 .1301 .0937 .0676 .0490 .0356 40 .6717 .5513 4529 .3066 2083 .1420 .0972 .0668 .0460 .0318 .0221 Note: For more detaled tables, see your booklet, the Business Math Handbook.
Janet Woo decided to retire to Florida in 5 years. What amount should Janet invest today so she can withdraw $45,000 at the end of each year for 20 years after she retires? Assume Janet can invest money at 5% compounded annually. (Use the Table 13.2 and Table 12.3.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value
Transcribed Image Text:Janet Woo decided to retire to Florida in 5 years. What amount should Janet invest today so she can withdraw $45,000 at the end of each year for 20 years after she retires? Assume Janet can invest money at 5% compounded annually. (Use the Table 13.2 and Table 12.3.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value
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