Question

Using the appropriate interest table, compute the present values of the following periodic amounts due at...

Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods.

$52,480 receivable at the end of each period for 8 periods compounded at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value

$52,480 payments to be made at the end of each period for 17 periods at 10%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value

$52,480 payable at the end of the seventh, eighth, ninth, and tenth periods at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Present value

$enter the present value in dollars rounded to 0 decimal places

please show work and explain

Homework Answers

Answer #1

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Using the appropriate interest table, compute the present values of the following periodic amounts due at...
Using the appropriate interest table, compute the present values of the following periodic amounts due at the end of the designated periods. Click here to view factor tables $50,440 receivable at the end of each period for 8 periods compounded at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ Click here to view factor tables $50,440 payments to be made at the end of each period...
$51,270 receivable at the end of each period for 8 periods compounded at 11%. (Round factor...
$51,270 receivable at the end of each period for 8 periods compounded at 11%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ enter the present value in dollars rounded to 0 decimal places $51,270 payments to be made at the end of each period for 16 periods at 9%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)...
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.)...
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.) What is the future value of 24 periodic payments of $4,660 each made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The future value $ What is the present value of $2,600 to be received at the beginning of each of 30 periods, discounted...
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.)...
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.) What is the future value of 24 periodic payments of $4,890 each made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The future value $enter the future value in dollars rounded to 0 decimal places What is the present value of $3,950 to be...
Using the appropriate interest table, answer each of the following questions. (Each case is independent of...
Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) Click here to view factor tables What is the future value of $7,020 at the end of 7 periods at 8% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The future value $enter the future value in dollars rounded to 0 decimal places eTextbook and Media Click here to view...
Problem 6-5 Julia Baker died, leaving to her husband Leon an insurance policy contract that provides...
Problem 6-5 Julia Baker died, leaving to her husband Leon an insurance policy contract that provides that the beneficiary (Leon) can choose any one of the following four options. Money is worth 2.50% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables (a) $55,240 immediate cash. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ 55240 (b) $4,090 every 3 months payable at...
Stacy Alvarez is investing $381,500 in a fund that earns 11% interest compounded annually. Click here...
Stacy Alvarez is investing $381,500 in a fund that earns 11% interest compounded annually. Click here to view factor tables What equal amounts can Stacy withdraw at the end of each of the next 16 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Yearly withdrawals $ Chris Inc. will deposit $56,600 in a 11% fund at the end of each year for 7 years beginning December 31, 2020. Click...
Leon Jackson invests $37,500 at 10% annual interest, leaving the money invested without withdrawing any of...
Leon Jackson invests $37,500 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Leon withdraws the accumulated amount of money. Compute the amount Leon would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.) Compute the amount Leon would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer...
Riverbed Leasing Company purchased specialized equipment from Wayne Company on December 31, 2019 for $510,000. On...
Riverbed Leasing Company purchased specialized equipment from Wayne Company on December 31, 2019 for $510,000. On the same date, it leased this equipment to Sears Company for 5 years, the useful life of the equipment. The lease payments begin January 1, 2020 and are made every 6 months until July 1, 2024. Riverbed Leasing wants to earn 10% annually on its investment. Various Factors at 10% Periods or Rents Future Value of $1 Present Value of $1 Future Value of...
Brief Exercise 6-6 Henry Madison needs $270,000 in 10 years. Click here to view factor tables...
Brief Exercise 6-6 Henry Madison needs $270,000 in 10 years. Click here to view factor tables How much must he invest at the end of each year, at 11% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount