Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BA 211 CRN10317 W21 Quiz: Chapter 0 Quiz - Math Review This Question: 1 pt Find the amount that should be set aside today to

image text in transcribed BA 211 CRN10317 W21 Quiz: Chapter 0 Quiz - Math Review This Question: 1 pt Find the amount that should be set aside today to yield the desired future amount. Use the table. Future amount needed $2,000 Interest Compounding Investment rate period 2% semiannually time 3 years i Definition Click here to view page 1 of the table. Click here to view page 2 of the The amount that should be set aside today is $. (Round to the nea Dena Alshaikhli | 01/11/21 9:57 PM Submit Quiz 6 of 8 (5 complete) This Quiz: 8 pts possible i Definition - X Present value of $1.00 (page 2) Periods Present value of $1.00 (page 1) 1 2 Rate per period 4% 5% 6% 8% 10% 0.96154 0.95238 0.94340 0.92593 0.90909 0.92456 0.90703 0.89000 0.85734 0.82645 Periods 1 Rate per period 1% 1.5% 2% 2.5% 3% 0.99010 0.98522 0.98039 0.97561 0.97087 3 0.88900 0.86384 0.83962 0.79383 0.75131 4 0.85480 0.82270 0.79209 0.73503 0.68301 5 0.82193 0.78353 0.74726 0.68058 0.62092 2 3 0.98030 0.97066 0.96117 0.95181 0.94260 0.97059 0.95632 0.94232 0.92860 0.91514 6 7 0.79031 0.74622 0.70496 0.63017 0.56447 0.75992 0.71068 0.66506 0.58349 0.51316 4 0.96098 0.94218 0.92385 0.90595 0.88849 8 5 0.95147 0.92826 0.90573 0.88385 0.86261 9 0.73069 0.67684 0.62741 0.54027 0.46651 0.70259 0.64461 0.59190 0.50025 0.42410 6 0.94205 0.91454 0.88797 0.86230 0.83748 10 7 0.93272 0.90103 0.87056 0.84127 0.81309 11 8 0.92348 0.88771 0.85349 0.82075 0.78941 12 9 0.91434 0.87459 0.83676 0.80073 0.76642 13 0.67556 0.61391 0.55839 0.46319 0.38554 0.64958 0.58468 0.52679 0.42888 0.35049 0.62460 0.55684 0.49697 0.39711 0.31863 0.60057 0.53032 0.46884 0.36770 0.28966 10 0.90529 0.86167 0.82035 0.78120 0.74409 14 11 0.89632 0.84893 0.80426 0.76214 0.72242 15 0.57748 0.50507 0.44230 0.34046 0.26333 0.55526 0.48102 0.41727 0.31524 0.23939 12 0.88745 0.83639 0.78849 0.74356 0.70138 16 13 0.87866 0.82403 0.77303 0.72542 0.68095 0.53391 0.45811 0.39365 0.29189 0.21763 17 0.51337 0.43630 0.37136 0.27027 0.19784 14 0.86996 0.81185 0.75788 0.70773 0.66112 40 010263 4000 15 0.86135 0.79985 0.74301 0.69047 0.64186 0.85282 0.78803 0.72845 0.67362 0.62317 0.84438 0.77639 0.71416 0.65720 0.60502 0000070101 0.70046 DCMA7.0.50730 16 Enter your answer in the answer box. 17 40 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

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz, Rhonda Pyper

2nd canadian edition

133025071, 978-0133519761, 133519767, 978-0133523676, 133523675, 978-0133025071

More Books

Students also viewed these Accounting questions

Question

Why would someone discount a note receivable?

Answered: 1 week ago