Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Angela wants to take the next five years of work to travel around the world. She estimates her annual cash masat 532.000 (sheeds me, she

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Angela wants to take the next five years of work to travel around the world. She estimates her annual cash masat 532.000 (sheeds me, she will work odd jobs) Angela believes she can see suvings at 10% unt she depletes her funds (Click the icon to Vw Present Value of 51 ) (Click the con lo view Present Value of Ordinary Annuity of $1 table) Click the icon to view Fire Value of State) (Click the con los viwwen of Ordinary Annuity of State) Requirement 1. How much money de Angela need now to find her waves (Round your swer to the whole dar) With the 10% restle Angela rends Reference Present Value of $1 Periods 1 2 3 4 5 0.990 0.980 0.971 0961 0.951 2% 0.990 0.961 0.942 0.924 0.906 0.888 0871 0.853 0837 0.820 3% 0.971 0.943 0.915 0.888 0.863 0837 0.813 0.789 0.766 0.744 0.962 0.925 0.889 0.855 0.822 5% 0.952 0.907 0864 0.823 0.784 6% 0.943 0.890 0.840 0.792 0.747 7% 0.935 0.873 0.816 0.763 0.713 8% 0.926 0.857 0.794 0.735 0.681 9% 0.917 0.842 0.772 0.708 0.650 10% 0.909 0.826 0.751 0.683 0.621 12% 0.893 0.797 0.712 0.636 0.567 14% 0.877 0.769 0.675 0.592 0.519 15% 0 870 0.756 0658 0.572 0.497 16% 0.852 0.743 0.641 0.552 0.476 18% 0.847 0.718 0.609 0.516 0.437 20% 0.833 0.694 0.579 0.482 0.402 0.335 0.279 0.233 0.194 6 7 8 9 10 0.942 0.933 0.923 0.914 0.905 0.746 0.711 0.677 0.645 0.614 0.666 0.623 0.582 0.544 0.508 0.630 0.583 0.540 0.500 0.463 0.596 0.547 0502 0.460 0.422 0.564 0.513 0.467 0424 0386 0.507 0.452 0.404 0.361 0322 0.456 0.400 0.351 0.308 0.270 0.432 0.376 0.327 0.284 0.247 0.410 0.354 0.305 0.253 0227 0.370 0.314 0.266 0.225 0.191 0.162 11 12 13 14 15 0.896 0.887 0879 0.870 0861 0.804 0.788 0.773 0.758 0.743 0.722 0.701 0.681 0661 0.642 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0 601 0.577 0555 0.534 0.513 0.585 0.557 0.530 0.505 0.481 0.705 0.665 0627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0371 0.475 0.444 0415 0.388 0.362 0.339 0.317 0.429 0.397 0.368 0.340 0.315 0.388 0.356 0.326 0299 0275 0.350 0.319 0.290 0.263 0239 0.287 0.257 0.229 0 205 0.183 0.237 0.208 0.182 0.160 0.140 0.215 0.187 0.163 0.141 0.123 0.195 0.168 0.145 0.125 0.108 0.162 0.137 0.116 0.099 0.084 0.135 0.112 0.093 0.078 0.065 0.054 0.045 0.107 16 17 0853 0.844 0.728 0.714 0.623 0605 0.458 0.436 0.292 0270 0252 0 231 0.218 0.198 0.163 0.146 0.123 0.108 0.093 0 080 0.071 0.060 0.093 yel Es sh V 1 15 0870 0.61 0758 747 05 055 0661 0.642 0623 FA 0141 0123 0125 0.108 099 0 0.07% 0 D65 Val 16 TT 18 19 20 05: 0844 0225 0828 0.820 0.28 T] 0 700 0606 063 0587 05 0513 0494 0475 0456 0505 0442 0398 0.48] 0417 0362 0 45B 0394 0210 04.26 0371 0317 0416 0350 0206 06 03.31 027 0377 0312 0258 0.3650 14 10242 0342 027 0226 006 0262 02 0310 0.27 0 197 026 0911 0104 10/1 0060 0061 004 0037 0054 0015 0.00 0 03 006 0570 0551 21 22 23 24 25 1611 0.803 0.75 0.78 0790 0 660 047 0634 0622 1610 0.4.30 0422 0406 0.360 005 0361 0 03.0 0321 0302 0.340 0209 0.115 0275 0292 0252 0270 031 02600212 073 0 194 0215 0.178 0199 0 164 01B 0150 01/0 01.30 016 0126 0 116 11 01 0 100 012 0000 01 0090 0 107 0092 0099 0075 0046 0032 002 0013 0263 0205 010 0209 0183 0 14 0218 0.163 0123 1109 014 0] 010 0130 1095 014 0 116 0063 0 149 0104 1073 0135 0 093 0064 010 0000 0066 0 112 007 0049 0 102 0066 0043 00CC 0 069 000 006 0053 007 0076 104 009 069 002 0026 10600007 0022 0 06: 0023 0020 0022 0011 0005 0009 000 0.00] 05.38 0522 0507 092 070 0 404 0450 047 024 042 007 0 107 0007 008 0070 05 0053 0.046 0040 0035 1030 0026 0023 0020 0016 193 0030 000 0.050 0.051 10 0030 0033 10 0024 0 02 10 0016 001 002 100 1990 26 27 28 29 30 OTTO 0764 0757 0749 0742 0 201 020 0266 02 0231 0 142 0 08: 0586 -- 056 0552 045 0220 0207 016 01 0 174 003" 022 0026 0018 002 0016 0019 0013 0016 0010 0014 0009 0011 1007 0010 00CG 000 0005 007 1011 0001 10.001 072 016 0.150 04 013 0067 40 0672 007 000 0203 034 50 0603 0372 0 006 TOG 0001 TOP Print Done Reference to to Eves she able, Future Value of $1 ble.) Periods 1 2 3 4 5 1% 1.010 1.020 1.030 1.041 1.051 2% 1.020 1.040 1.061 1.082 1.104 3% 1.030 1.051 1.093 1.126 1.159 1.040 1.082 1.125 1.170 1.217 5% 1.050 1.103 1.158 1.216 1.276 6% 1.060 1.124 1.191 1.262 1.338 7% 1.070 1.145 1.225 1.311 1.403 8% 1.080 1.166 1.260 1.360 1.469 9% 1.090 1.188 1.295 1412 1.539 10% 1.100 1.210 1.331 1464 1.611 12% 1.120 1.254 1.405 1 574 1.762 14% 1.140 1.300 1.482 1689 1.925 15% 1.150 1.323 1.521 1.749 2011 nec 6 7 8 9 1.062 1072 1.083 1.094 1.105 1.126 1.149 1.172 1.195 1.219 1.194 1.230 1.267 1.305 1.344 1.265 1.316 1.369 1.423 1.480 1.340 1.407 1.477 1.551 1.629 1.419 1.504 1.594 1.689 1.791 1.501 1.606 1.718 1.838 1.967 1.772 1.949 2.144 2358 2594 1.974 2211 2476 2773 3.106 2 195 2502 2.853 3.252 3.707 2313 2660 3.059 3.518 4,046 10 1.587 1.677 1.714 1.828 1.851 1.993 1.999 2.172 2.159 2367 2332 2580 2518 2.813 2720 3,066 2.937 3.342 3.172 3.642 11 12 13 14 15 1.116 1.127 1.138 1.149 1.161 1.243 1.268 1.294 1.319 1.346 1.384 1.426 1.469 1.513 1.558 1.539 1.601 1.665 1.732 1.801 1.710 1.796 1.886 1.980 2079 1.898 2.012 2.133 2.261 2.397 2.105 2.252 2.410 2.579 2.759 2.853 3.138 3.452 3.798 4.177 3.479 3.896 4.363 4.887 5.474 4226 4.818 5.492 6.261 7.138 4.652 5.350 6.153 7.076 8.137 16 17 1.173 1.184 1.373 1.400 1.605 1.653 1.873 1.948 2.183 2292 2540 2693 2.952 3.159 3.426 3.700 3.970 4.328 4.595 5.054 6.130 6.866 8.137 9.276 9.358 10.76 ck Print Done

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

Financial Accounting

Authors: Thomas Dyckman, Robert Magee, Glenn Pfeiffer

3rd Edition

1934319600, 978-1934319604

More Books

Students also viewed these Accounting questions

Question

=+Construct a data- and research-driven SWOT analysis

Answered: 1 week ago

Question

=+Who are our customers?

Answered: 1 week ago

Question

=+What are our goals presently?

Answered: 1 week ago