Answered step by step
Verified Expert Solution
Question
1 Approved Answer
assuming the time value of money is 8% compounded Present Value of 1 Factors (PV of 1 factors) 9% :2% 1% 47 24 0 925
assuming the time value of money is 8% compounded
Present Value of 1 Factors (PV of 1 factors) 9% :2% 1% 47 24 0 925 0.797 0857 0961 2 0.980 0951 0.567 5 O 681 0.822 0.906 0.322 10 0905 0.820 0788 0463 0 397 0.257 12 0.887 0676 0.625 0.555 0.534 0.183 15 0.861 09743 0 728 0 315 292 0.163 16 0.853 0.622 24 0 158 0.066 0.390 0.788 a Assuming the time value of money is 8% compounded annually, the present value on January 1, 2022 of a P1,000 cash amount occurring on December 31, 2026 is b. Assuming the time value of money is 8% per year compounded quarterly, the present value on December 31, 2021 of a P1,000 cash amount occurring on December 31, 2025 is c. Assuming the time value of money is 12% per year compounded monthly, the present value on January 1, 2022 of a P1,000 cash amount occurring on December 31, 2023 is p d. A non-interest bearing note of P1,000 due in ten years has a present value of P322. The interest rate used to calculate the present value was o compounded e. The length of time required for an investment of 2463 on December 31, 2021 to become P1,000 if the investment earns 8% compounded annually is years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started