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Complete the Self-test problem ST5-2 on page 284 Future value annuities Calculate the Future value Interest Factor CASE INTEREST RATE NUMBER OF PERIOD FVIF A
- Complete the Self-test problem ST5-2 on page 284 Future value annuities
Calculate the Future value Interest Factor
| CASE | INTEREST RATE | NUMBER OF PERIOD | FVIF |
| A | 11% | 4 | 2.22 |
| B | 8% | 5 | 5.4 |
| C | 10% | 2 | 2.2 |
| D | 7% | 3 | 2.14 |
| E | 4% | 6 | 6.24 |
A FVIF = (1 +0.11)2 B FVIF = (1 + 0.08)5 C FVIF = (1 + 0.10)2 E FVIF = (1 + 0.07)3
= 1.11 X 2 = 1.08 * 5 = 1.1 * 2 = 1.07 * 2
= 2.22 = 5.4 = 2.2 = 2.14
E FVIF = (1 + 0.04)6
= 1.04 * 6
= 6.24
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Fundamental Financial Accounting Concepts
Authors: J.K.
7th Edition
B003NPRW7I
