Question

Use the future value tables to answer the following questions. (Click here to access the PV...

Use the future value tables to answer the following questions.

(Click here to access the PV and FV tables to use with this problem.)

Required:

Round your answers to the nearest dollar.

1. What is the value on January 1, 2027, of $75,000 deposited on January 1, 2020, which accumulates interest at 14% annually?

$

2. What is the value on January 1, 2025, of $15,000 deposited on July 1, 2020, which accumulates interest at 16% compounded quarterly?

$

3. How much interest will accumulate on an investment of $10,000 left on deposit for 7 years at 8% compounded annually?

$

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

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

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Use the compound interest tables to answer the following questions. (Click here to access the PV...
Use the compound interest tables to answer the following questions. (Click here to access the PV and FV tables to use with this problem.) Required: Round your answers to the nearest dollar. a. How much will be accumulated on January 1, 2024 if $450,000 is deposited on January 1, 2020, and interest is compounded annually at 10%? $ b. How much will be accumulated on December 31, 2028 if $80,000 is deposited on December 31, 2020, and the fund pays...
Time Value of Money Concept The following situations involve the application of the time value of...
Time Value of Money Concept The following situations involve the application of the time value of money concept. Use the full factor when calculating your results. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. Janelle Carter deposited $9,510 in the bank on January 1, 2000, at an interest rate of 10% compounded annually. How much has accumulated in the account by January...
Exercise 6-11 Future and present value [LO6-3, 6-6, 6-7] Answer each of the following independent questions....
Exercise 6-11 Future and present value [LO6-3, 6-6, 6-7] Answer each of the following independent questions. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $66,000 cash immediately, (2) $22,000 cash immediately and a six-period annuity of $7,800 beginning one year from today, or (3) a six-period annuity of $13,000 beginning one year from today. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1...
Donald Bautista needs $26,000 in 9 years. Click here to view factor tables What amount must...
Donald Bautista needs $26,000 in 9 years. Click here to view factor tables What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 12% annual interest $enter a dollar amount rounded to 0 decimal places Investment at 12% annual interest, compounded quarterly $enter...
Present Value Computations Using the present value tables, solve the following. Round your answers to two...
Present Value Computations Using the present value tables, solve the following. Round your answers to two decimal places. Required: What is the present value on January 1, 2016, of $30,000 due on January 1, 2020, and discounted at 10% compounded annually? What is the present value on January 1, 2016, of $40,000 due on January 1, 2020, and discounted at 11% compounded semiannually? What is the present value on January 1, 2016, of $50,000 due on January 1, 2020, and...
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...
Present/future value computations 1. How much must be deposited on January 1, 2013 to accumulate a...
Present/future value computations 1. How much must be deposited on January 1, 2013 to accumulate a balance of $50,000 on December 31, 2017? At interest rate of 3.5% At interest rate of 6% 2. 50,000 is deposited at interest compounded annually what amount will be on hand in seven years At 4%? At 8% 2A. What if 50,000 is deposited at interest compounded semi-annually what amount will be on hand in seven years At 4%? At 8% 3. How much...
Choosing between Rent Payment Alternatives Park City Construction is building a new office building, and management...
Choosing between Rent Payment Alternatives Park City Construction is building a new office building, and management is trying to decide how rent payments for the office space should be structured. The alternatives are as follows: Plan A Annual payment of $15,000 at the end of each year. Plan B Monthly payments of $1,200 at the end of each month. Assuming an interest rate of 12% compounded monthly, which payment schedule should Park City use? Round your answers to the nearest...
Present and future value tables of $1 at 9% are presented below.     PV of $1...
Present and future value tables of $1 at 9% are presented below.     PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 1 0.91743 1.09000 0.91743 1.0900 1.0000 2 0.84168 1.18810 1.75911 2.2781 2.0900 3 0.77218 1.29503 2.53129 3.5731 3.2781 4 0.70843 1.41158 3.23972 4.9847 4.5731 5 0.64993 1.53862 3.88965 6.5233 5.9847 6 0.59627 1.67710 4.48592 8.2004 7.5233    Mustard's Inc. sold the rights to use one of its patented processes that will result...
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present...
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $4,400 under each of the following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1.The first payment is received on December 31, 2019, and interest is compounded annually. 2.The first payment is received on...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT