AB 5.6

Mark Welsch deposits $7,500 in an account that earns interest at an annual rate of 4%, compounded quarterly. The $7,500 plus earned interest must remain in the account 5 years before it can be withdrawn. How much money will be in the account at the end of 5 years? (PV of $1, FV of $1 PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Total Present Value Table FactrAccumulation Spiller Corp. plans to issue 10%, 6-year, $520,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2016, and are issued on that date. (PV of S1, FV of S1, PVA of S1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) if the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: Table Cash Flow alue Amount Present Value Present (maturity) value Interest (annuity) Total cash proceeds