Each of the following situations is independent. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided.)
Case | Present Value | Annuity | Future Value | Annual Interest Rate | Number of Years |
A | $105,000 | − | (i) | 3% | 6 |
B | (ii) | − | $105,000 | 4% | 5 |
C | (iii) | $2,100 | − | 2% | 10 |
D | − | $3,100 | (iv) | 3% | 20 |
Required:
Compute the missing amounts for (i) through (iv). (Round
your answers to nearest hundred dollars.)
Get Answers For Free
Most questions answered within 1 hours.