Future value: Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value. Requirement 1: Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Question

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Answer 1

Question

Chapter B, Problem 1QS

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 1:

Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given in front of 2 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate is given = 12%

Number of periods are given = 2

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 1

Thus,

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given infront of 2 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 2:

Interest rate column and number-of-periods row when 6% annual rate, compounded semiannually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 3^r^dcolumn (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate (6% / 2) = 3%

Number of periods (2 x 2) = 4

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 2

Thus,

Interest rate column = 3^r^d column (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 3:

Interest rate column and number-of-periods row when 8% annual rate, compounded quarterly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (8% / 4) = 2%

Number of periods (2 x 4) = 8

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 3

Thus,

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 4:

Interest rate column and number-of-periods row when 12% annual rate, compounded monthly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 1^s^tcolumn (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (12% / 12) = 1%

Number of periods (2 x 12) = 24

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 4

Thus,

Interest rate column = 1^s^t column (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24)

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Answer 2

Question

Chapter B, Problem 1QS

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 1:

Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given in front of 2 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate is given = 12%

Number of periods are given = 2

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 1

Thus,

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given infront of 2 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 2:

Interest rate column and number-of-periods row when 6% annual rate, compounded semiannually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 3^r^dcolumn (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate (6% / 2) = 3%

Number of periods (2 x 2) = 4

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 2

Thus,

Interest rate column = 3^r^d column (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 3:

Interest rate column and number-of-periods row when 8% annual rate, compounded quarterly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (8% / 4) = 2%

Number of periods (2 x 4) = 8

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 3

Thus,

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 4:

Interest rate column and number-of-periods row when 12% annual rate, compounded monthly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 1^s^tcolumn (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (12% / 12) = 1%

Number of periods (2 x 12) = 24

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 4

Thus,

Interest rate column = 1^s^t column (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24)

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Answer 3

Question

Chapter B, Problem 1QS

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 1:

Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given in front of 2 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate is given = 12%

Number of periods are given = 2

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 1

Thus,

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given infront of 2 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 2:

Interest rate column and number-of-periods row when 6% annual rate, compounded semiannually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 3^r^dcolumn (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate (6% / 2) = 3%

Number of periods (2 x 2) = 4

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 2

Thus,

Interest rate column = 3^r^d column (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 3:

Interest rate column and number-of-periods row when 8% annual rate, compounded quarterly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (8% / 4) = 2%

Number of periods (2 x 4) = 8

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 3

Thus,

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 4:

Interest rate column and number-of-periods row when 12% annual rate, compounded monthly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 1^s^tcolumn (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (12% / 12) = 1%

Number of periods (2 x 12) = 24

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 4

Thus,

Interest rate column = 1^s^t column (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24)

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Answer 4

Question

Chapter B, Problem 1QS

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 1:

Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given in front of 2 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate is given = 12%

Number of periods are given = 2

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 1

Thus,

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given infront of 2 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 2:

Interest rate column and number-of-periods row when 6% annual rate, compounded semiannually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 3^r^dcolumn (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate (6% / 2) = 3%

Number of periods (2 x 2) = 4

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 2

Thus,

Interest rate column = 3^r^d column (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 3:

Interest rate column and number-of-periods row when 8% annual rate, compounded quarterly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (8% / 4) = 2%

Number of periods (2 x 4) = 8

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 3

Thus,

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 4:

Interest rate column and number-of-periods row when 12% annual rate, compounded monthly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 1^s^tcolumn (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (12% / 12) = 1%

Number of periods (2 x 12) = 24

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 4

Thus,

Interest rate column = 1^s^t column (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24)

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter B, Problem 1QS

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 1:

Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given in front of 2 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate is given = 12%

Number of periods are given = 2

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 1

Thus,

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given infront of 2 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 2:

Interest rate column and number-of-periods row when 6% annual rate, compounded semiannually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 3^r^dcolumn (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate (6% / 2) = 3%

Number of periods (2 x 2) = 4

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 2

Thus,

Interest rate column = 3^r^d column (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 3:

Interest rate column and number-of-periods row when 8% annual rate, compounded quarterly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (8% / 4) = 2%

Number of periods (2 x 4) = 8

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 3

Thus,

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 4:

Interest rate column and number-of-periods row when 12% annual rate, compounded monthly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 1^s^tcolumn (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (12% / 12) = 1%

Number of periods (2 x 12) = 24

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 4

Thus,

Interest rate column = 1^s^t column (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24)

Answer 6

Chapter B, Problem 1QS

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 1:

Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given in front of 2 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate is given = 12%

Number of periods are given = 2

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 1

Thus,

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given infront of 2 number period).

Answer 7

Chapter B, Problem 1QS

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 1:

Interest rate column and number-of-periods row when 12% annual rate, compounded annually.

Answer 8

Expert Solution

Answer to Problem 1QS

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given in front of 2 number period).

Answer 9

Expert Solution

Answer 10

Expert Solution

Answer 11

Expert Solution

Answer 12

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate is given = 12%

Number of periods are given = 2

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 1

Thus,

Interest rate column = 12^t^h column (Which is given under 12% interest rate).

Number-of-periods row = 3^r^d row (Which is given infront of 2 number period).

Answer 13

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 2:

Interest rate column and number-of-periods row when 6% annual rate, compounded semiannually.

Expert Solution

Answer to Problem 1QS

Interest rate column = 3^r^dcolumn (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate (6% / 2) = 3%

Number of periods (2 x 2) = 4

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 2

Thus,

Interest rate column = 3^r^d column (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Answer 14

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 2:

Interest rate column and number-of-periods row when 6% annual rate, compounded semiannually.

Answer 15

Expert Solution

Answer to Problem 1QS

Interest rate column = 3^r^dcolumn (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Answer 16

Expert Solution

Answer 17

Expert Solution

Answer 18

Expert Solution

Answer 19

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate (6% / 2) = 3%

Number of periods (2 x 2) = 4

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 2

Thus,

Interest rate column = 3^r^d column (Which is given under 3% interest rate).

Number-of-periods row = 5^t^h row (Which is given infront of 4 number period).

Answer 20

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 3:

Interest rate column and number-of-periods row when 8% annual rate, compounded quarterly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (8% / 4) = 2%

Number of periods (2 x 4) = 8

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 3

Thus,

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Answer 21

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 3:

Interest rate column and number-of-periods row when 8% annual rate, compounded quarterly.

Answer 22

Expert Solution

Answer to Problem 1QS

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Answer 23

Expert Solution

Answer 24

Expert Solution

Answer 25

Expert Solution

Answer 26

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (8% / 4) = 2%

Number of periods (2 x 4) = 8

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 3

Thus,

Interest rate column = 2ⁿ^d column (Which is given under 2% interest rate).

Number-of-periods row = 9^t^h row (Which is given infront of 8 number period).

Answer 27

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 4:

Interest rate column and number-of-periods row when 12% annual rate, compounded monthly.

Expert Solution

Answer to Problem 1QS

Interest rate column = 1^s^tcolumn (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24).

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (12% / 12) = 1%

Number of periods (2 x 12) = 24

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 4

Thus,

Interest rate column = 1^s^t column (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24)

Answer 28

To determine

Concept Introduction:

Future value:

Future value refers to the amount to be received in future time. In other words we can say that money that will be received after some time which is calculated with the help of interest rate and number of period interest compunded is known as future value.

Requirement 4:

Interest rate column and number-of-periods row when 12% annual rate, compounded monthly.

Answer 29

Expert Solution

Answer to Problem 1QS

Interest rate column = 1^s^tcolumn (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24).

Answer 30

Expert Solution

Answer 31

Expert Solution

Answer 32

Expert Solution

Answer 33

Explanation of Solution

Future value is calculated with the help of following formula;

Future value = Present value x (1 + r)^n

Interest rate per period (12% / 12) = 1%

Number of periods (2 x 12) = 24

As per Table B.2, we will use column and row as follow;

FUNDAMENTAL ACCT PRINCIPLES LL W CONNECT, Chapter B, Problem 1QS , additional homework tip 4

Thus,

Interest rate column = 1^s^t column (Which is given under 1% interest rate).

Number-of-periods row = Not given in the table (n = 24)

Answer 34

Ch. B - Prob. 1QS Ch. B - Prob. 2QS Ch. B - Prob. 3QS Ch. B - Prob. 4QS Ch. B - Prob. 5QS Ch. B - Prob. 6QS Ch. B - Prob. 7QS Ch. B - Prob. 1E Ch. B - Prob. 2E Ch. B - Prob. 3E

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Answer to Problem 1QS

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Answer to Problem 1QS

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Answer to Problem 1QS

Explanation of Solution

Answer to Problem 1QS

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