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Dave Krug finances a new automobile by paying ( $ 6,300 ) cash and agreeing to make 20 monthly payments of ( $ 420 )

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Dave Krug finances a new automobile by paying \\( \\$ 6,300 \\) cash and agreeing to make 20 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 FVA of \\$1) (Use appropriate factor(s) from the tables provided. Round \"Table Factor\" to \\( \\mathbf{4} \\) decimal places.) Compute the amount that can be borrowed under each of the following circumstances: (PV of \\( \\$ 1, F V \\) of \\( \\$ 1 \\), PVA of \\( \\$ 1 \\), and \\( F V A \\) of \\( \\$ 1 \\) ) (Use appropriate factor(s) from the tables provided. Round your \"Table value\" to 4 decimal places.) 1. A promise to repay \\( \\$ 100,000 \\) nine years from now at an interest rate of \7. 2. An agreement made on February 1, 2019, to make three separate payments of \\( \\$ 18,000 \\) on February 1 of 2020,2021 , and 2022 . The annual interest rate is \8. Mike Derr Company expects to earn \12 per year on an investment that will pay \\( \\$ 596,000 \\) eight years from now. (PV of \\( \\$ 1 \\), \\( \\mathrm{FV} \\) of \\( \\$ 1 \\), and FVA of \\$1) (Use appropriate factor(s) from the tables provided. Round \"Table Factor\" to 4 decimal places.) Compute the present value of this investment. C\\&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of \\( \\$ 21,000 \\) each. C\\&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of \\( \\$ 5,000 \\) each. The annual interest rate for both loans is 7\\%. Find the present value of these two separate annuities. (PV of \\( \\$ 1, F V \\) of \\( \\$ 1, P V A \\) of \\( \\$ 1 \\), and \\( F V A \\) of \\( \\$ 1 \\) ) (Use appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar. Round \"Table Factor\" to 4 decimal places.) Mark Welsch deposits \\( \\$ 7,700 \\) in an account that earns interest at an annual rate of \4, compounded quarterly. The \\( \\$ 7,700 \\) plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account at the end of 4 years? (PV of \\$1, FV of \\$1, PVA of \\$1, and FVA of \\$1) (Use appropriate factor(s) from the tables provided. Round \"Table Factor\" to 4 decimal places.) Kelly Malone plans to have \\( \\$ 59 \\) withheld from her monthly paycheck and deposited in a savings account that earns \12 annually, compounded monthly. If Malone continues with her plan for two and one-half years, how much will be accumulated in the account on the date of the last deposit? (PV of \\( \\$ 1, F V \\) of \\( \\$ 1 \\), PVA of \\( \\$ 1 \\), and FVA of \\$1) (Use appropriate factor(s) from the tables provided. Round your final answer to \\( \\mathbf{2} \\) decimal places. Round \"Table Factor\" to 4 decimal places.)

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