Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A geometric gradient that increases at t= 5% per year for 14 years is shown in the accompanying diagram. The annual interest rate is 12%.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
A geometric gradient that increases at t= 5% per year for 14 years is shown in the accompanying diagram. The annual interest rate is 12%. What is the present equivalent value of this gradient Click the loon to view the diagram for geometric gradient values Click the icon to view the Interest and annuity table for discrete compounding when 5% per your Click the loon to view the interest and annuity table for discrete compounding when i 12% per you The present equivalent value of the gradient is $(Round to the nearest dollar) Discrete Compounding; 1 = 12% Uniform Series Single Payment Compound Amount Present Factor Worth Factor To Find F To Find P Given P Given F N FIP PIF 1 1.1200 0.8929 2 1.2544 0.7972 3 1.4049 0.7118 4 1.5735 0.6355 5 1.7623 0.5674 6 1.9738 0.5066 7 2.2107 0.4523 8 2.4760 0.4039 9 2.7731 0.3606 10 3.1058 0.3220 11 3.4785 0.2875 12 3.8960 0.2567 13 4.3635 0.2292 14 4.8871 0.2046 15 5.4736 0.1827 16 6.1304 0.1631 17 6,8660 0.1456 18 7,6900 0.1300 19 8.6128 0.1161 20 9.6463 0.1037 Compound Amount Factor To Find F Given A FIA 1.0000 2.1200 3.3744 4.7793 6.3528 8.1152 10.0890 12.2997 14.7757 17.5487 20.6546 24.1331 28.0291 32.3926 37.2797 42.7533 48.8837 55.7497 63.4397 72.0524 Present Worth Factor To Find P Given A PIA 0.8929 1.8901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 6.8109 6,9740 7.1196 7 2497 7.3658 7.4694 Sinking Fund Factor To Find A Given F A/F 1.0000 0.4717 0.2963 0.2092 0.1574 0.1232 0.0991 0.0813 0.0677 0.0570 0.0484 0.0414 0.0357 0.0309 0.0268 0.0234 0.0205 0.0179 0.0158 0.0139 Capital Recovery Factor To Find A Given P A/P 1.1200 0.5917 0.4163 0.3292 0.2774 0.2432 0.2191 0.2013 0.1877 0.1770 0.1684 0.1614 0.1557 0.1509 0.1468 0.1434 0.1405 0.1379 0.1358 0.1339 Uniform Gradient Gradient Gradient Uniform Present Series Worth Factor Factor To Find P To Find A Given G Glven G PIG AIG 0.0000 0.0000 0.7972 0.4717 2.2208 0.9246 4.1273 1.3589 6.3970 1.7746 8.9302 2.1720 11.6443 2.5515 14.4714 2.9131 17.3563 3.2574 20.2541 3.5847 23.1288 3.8953 25.9523 4.1897 28.7024 4.4683 31.3624 4.7317 33.9202 4.9803 36.3670 5.2147 38.6973 5.4353 40.9080 5,6427 42 9979 5.8375 44.9676 6.0202 Print Done Discrete Compounding; 1= 5% Uniform Series Single Payment Compound Amount Present Factor Worth Factor To Find F To Find P Given P Given F N FIP PIE 1 1.0500 1.0500 2 1.1025 0.7972 3 1.1576 0.7118 4 1.2155 0.6355 5 1.2763 0.5674 6 1.3401 0,5066 7 1.4071 0.4523 1.4775 0.4039 9 1.5513 0.3606 10 1.6289 0.3220 11 1.7103 0.2875 12 1.7959 0.2567 13 1.8856 0.2292 1.9799 0,2046 15 2.0789 0.1827 16 2.1820 0.1631 17 2.2920 0.1456 18 2.4066 0.1300 19 2.5270 0.1161 20 26533 0.1037 Compound Amount Factor To Find F Given A FIA 1.0000 2.0500 3.1525 4.3101 5.5256 6.8019 8.1420 9.5491 11.0266 12.5779 14.2068 15.9171 17.7130 19.5986 21.5786 23.6575 25.8404 28.1324 30.5390 33.0560 Capital Present Sinking Fund Recovery Worth Factor Factor Factor To Find P To Find A To Find A Given A Given F Given P PIA A/F AJP 0.9524 1.0000 1.0500 1.8594 0.4878 0.5378 2.7232 0.3172 0.3672 3.5460 0.2320 0.2820 4.3295 0.1810 0.2310 5.0757 0.1470 0.1970 5.7864 0.1228 0.1728 6.4632 0.1047 0.1547 7.1078 0,0907 0.1407 7.7217 0.0795 0.1295 8.3054 0.0704 0.1204 8.8633 0.0628 0.1128 9.3936 0.0565 0.1065 9,8986 0.0510 0.1010 10.3797 0.0463 0.0963 10.8378 0,0423 0.0923 11.2741 0.0387 0.0887 11.6896 0.0355 0.0855 12.0853 0.0327 0.0827 12.4622 0.0302 0.002 Uniform Gradient Gradient Gradient Present Uniform Worth Serios Factor Factor To Find P To Find A Given G Glven G P/G AIG 0.0000 0.0000 0.9070 0.4878 2.6347 0.9675 5.1028 1.4391 8.2369 1.9025 11.9680 2.3579 18.2321 2.8052 20.9700 3.2445 26.1268 3.6758 31.6520 4.0991 37.4988 4.5144 43.8241 4,9219 49.9879 5.3215 56.5638 5.7133 63.2880 6.0973 70.1597 6.4736 77.1405 6.8423 84,2043 7.2034 91.3275 7.5569 SAAR 7003 and Print Done $500(1.05) 13 $500(1,05) $500 1 2 13 14 Years g co

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-26

Authors: Douglas J. McQuaig, Patricia A. Bille

6th Edition

0395796997, 978-0395796993

More Books

Students also viewed these Accounting questions