**Chapter 11 Lab Application**You have been depositing money into an account yearly based on the following investment amounts, rates, and times. What is the value of that investment account at the end of that period?*(Click here to see present value and future value tables)*| Amounts of Investment | Rate | Times | Value at the End of the Period ||-----------------------|------|-------|-------------------------------|| $7,000 | 20% | 16 | $612,094.91 (Incorrect) || $11,000 | 15% | 9 | $184,644.26 (Incorrect) || $15,000 | 12% | 5 | $95,292.71 (Incorrect) || $36,000 | 10% | 2 | $75,600.00 (Incorrect) |**Feedback**- **Check My Work** For each scenario, use the rate and time components to use the applicable time value of money table to determine the needed factor. Multiply the investment amount by the future value factor to determine the value at the end of the period.

Amount of Investment Rate Time FVA Value at the end of the period (A) (B) (C) (D) (A * D)…

You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period? (Click here to see present value and future value tables) Amounts of Value at the End Investment Rate Times of the Period $7,000 20% 16 years 612,094.91 X $11,000 15% 9 years 184,644.26 X $15,000 12% 5 years 95,292.71 $36,000 10% 2 years 75,600.00

You have been depositing money into an account yearly based on the following investment amounts, rates and times, what is the value of that investment account at the end of that period? (Click here to see present value and future value tables) Amounts of Value at the End Investment Rate Times of the Period $7,000 20% 16 years 612,094.91 X $11,000 15% 9 years 184,644.26 X $15,000 12% 5 years 95,292.71 $36,000 10% 2 years 75,600.00

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 What is the value, 6 years in the future, of $3,707 invested to earn an annual return of 4.4% ? Enter your answer rounded to the nearest second decimal place. For example, enter $123.456 as $123.46. Flag question: Question 7 Question Imagine that you would like to withdraw $2,511 at the beginning of each year starting today and lasting for the next 8 years. Assuming the funds in the account are invested to generated an annual return of 6.4%, how much would you need to have in the account to fund this stream of payments? Enter your answer rounded to the nearest second decimal place. For example, enter $1,234.567 as 1234.57.
What is the future value?
• model investment and annuity problems;• solve exercises applying concepts of the sum of sets of terms of a sequence, and• solve problems related to annuities using sequences or series. An annuity pays $15,000 per year. Due to inflation, each year a dollar is worth what $0.970 was worth the year before. Payment is made at the beginning of each year. What is the present value of the annuity if it is paid over three years (starting immediately)?
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