Beene Distributing is considering a project that will return $170,000 annually at the end of each year for the next ten years. If Beene demands an annual return of 12% and pays for the project immediately, how much is it willing to pay for the project? Py of $1. FV of $1 PVA of $1, and EVA of 51 (Use appropriate factor(s) from the tables provided. Round your "PV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar) Parlodie Cash Flow (PV of an ordinary Annuity Present Value Claire Fitch is planning to begin an individual retirement program in which she will invest $3,900 at the end of each year. Fitch plans to retire after making 30 annual investments in the program earning a return of 12%. What is the value of the program on the date of the last payment (30 years from the present)? (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "FV of an Ordinary Annuity" to 4 decimal places and final answer to the nearest whole dollar) Periodic Cash Flow - + (FV of an ordinary Annulty Future Value Mike Der Company expects to earn 10% per year on an investment that will pay $616,000 nine years from now. (PV of $1. FV of $1. PVA of S1, and FVA O $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 1 decimal places.) Compute the present value of this investment Future Value Table Facto Present Value Jones expects an immediate investment of $53,349.00 to return $10,000 annually for eight years, with the first payment to be received one year from now. What rate of interest must Jones earn? (PV of $1. FV of $1. PVA of 51, and FVA of S1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Annuity Payment Table Factor interest Rate Dave Krug finances a new automobile by paying $6,100 cash and agreeing to make 40 monthly payments of $420 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1. FV of $1. PVA of $1, and EVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan Table Values are Based on: n Present Value of Loan Cash Down Payment Cost of the Automobile Otto Co. borrows money on April 30, 2019, by promising to make four payments of $14,000 each on November 1, 2019; May 1, 2020; November 1, 2020, and May 1 2021. (PV of S1. FV of $1. PVA of S1, and FVA of S1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places) 1. How much money is Otto able to borrow If the interest rate is 4%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? 3. How much money is Otto able to borrow If the interest rate is 10%, compounded semiannually? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually? Periodie Cash Flow Table Factor Present Value Required 2 > Provided are links to the present and future value tables: (PV of $1. FV of $1. PVA of S1, and FVA of S1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $66,000 in four years? Annual interest rate is 9%. b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $18,500 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of $787 for nine years earning an interest of 10% (Round your answer to 2 decimal places.) c-2. Would you rather have $787 now or $1,800 nine years from now? d. Assume that a college parking sticker today costs $94. If the cost of parking is increasing at the rate of 5% per year, how much will the college parking sticker cost in eight years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $134,000. If the cost of a new home is increasing at a rate of 8% per year, how much will a new home cost in ten years? (Round your answer to 2 decimal places.) f. An Investment will pay you $13,500 in 10 years, and it will also pay you $370 at the end of each of the next 10 years (years 1 thru 10). If the annual interest rate is 6%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.) 9. A college student is reported in the newspaper as having won $14,000,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $14 million now. Instead she will receive $700,000 at the end of the year for each of the next 20 years. If the annual interest rate is 6%, what is the present value today's amount that she won? Ognore taxes) (Round your answer to nearest whole dollar) Present value b Present value 0-1. Future value 0-2 Would you rather have $787 now or $1,800 nine years from now? d Future value Future value Present value
