Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the

Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8 %. (EV of $1, PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Payment $5,750 6,675 Year Received 2022 2023 ed 8,600 2025 9,825 2027 Year Received Payment Present Value 2022 8% 1 $ 5,750 $ 6,211 2023 8% 2 6,675 7,787 2025 8% 4 8,600 11,975 2027 8% 6 9,825 15,594x Total $ 41,567 "Red text indicates no response was expected in a cell or a formula-based calculation is incorrect, no points deducted TABLE 1 Future Value of $1 FV $1(1+" 10% 2.5% 4.5% 5.0% 7.0% 1.5% 2.0% 3.0% 3.5% 4.096 5.5% 6.0% 8.056 9.0% 10.096 11.8% 1101000 101500 1.02000 102500 1.03000 1.03500 1.04000 104500 105000 1.05500 1.06000 1.07000 1.00000 1.09000 1.10000 1.11000 1.12000 2 1.02010 1.03022 1.04040 1.05063 106090 1.07123 1.08160 1.09203 1.10250 1.11303 1.12360 1.14490 1,16640 118810 121000 123210 125440 3 103030 1.04568 1.06121 107689 1.09273 110872 1.12486 1.14117 115763 1.17424 1.19102 1.22504 1.25971 129503 133100 136763 1.40493 4 1.04060 1.06136 108243 110381 112551 1.14752 116986 1.19252 1.21551 1.23882 1.2624 131080 1.36049 141158 146410 1.51807 157352 5 1.05101 1.07728 1.10408 1.13141 115927 1.18769 1.21665 124618 1.27628 1.30696 133823 1.40255 1.46933 1.53862 141051 1.68506 176234 6106152 1.09344 1.12616 1.15969 119405 1.22926 126532 1.30226 1.34010 1.37884 7 1.07214 110984 114569 1.18869 122987 127228 1.31593 1.36086 1.40710 1.45468 108286 1.12649 1.17166 1.21840 126677 131681 1.36857 142210 147746 133469 91.09309 1.14339 1.19509 1.24886 130477 136290 142331 148610 1.55133 1.61909 10 110462 116054 1.21899 1.28008 1.34392 141060 1.48024 1.55297 1.62889 1.70814 11 111567 117793 124337 1.31209 1.38423 145997 1.53945 162285 1.71034 180209 12 112683 1.19562 126824 134489 1.42576 151107 160103 1.69588 1.79586 1.90121 13 113809 121355 1.29361 137851 1.46853 156396 166507 177220 188565 2.00577 34 114947 123176 131948 141297 151259 161869 1.73168 185194 197993 2.11609 15 116097 1.25023 134587 144830 155797 167535 1.80094 1.93528 2.07893 223248 16 117258 126899 137279 148451 100471 1.73399 187298 202237 2.18287 2.35520 17 118430 1.28802 140024 152162 165285 179468 1.94790 211338 2.29202 2.48480 16 119615 1.30734 142825 155966 1.70243 1.85749 2.02582 2.20848 2.40662 2.62147 19 120811 1.32695 145681 1.59865 175351 1.92250 2.10685 2.30786 252695 276565 20 122019 134686 148595 1.63862 180611 198979 2.19112 2.41171 265310 291776 189830 201220 12.0% 20.0% 1.20000 1.44000 1.72800 207560 248832 141852 1.58687 150073 167710 1.77156 187041 197382 150563 1.60578 17132 182804 194872 207616 221068 214359 230454 2.47590 185093 199256 159385 1.71819 235795 255804 2.7730 1.68948 183846 199900 2.17189 175085 196715 2.15892 281942 310585 2.36736 259374 298598 3.58318 4.29982 515978 6.19134 2.40985 3.15176 210485 233164 258043 285312 281266 3.49845 3.13843 2.25219 2.51817) 306580 33832 +36349 2.71962 345227 2.13293 4.31044 3.79750 488711 2.26090 2.57853 2.93719 334175 437725 478459 5.47357 239056 275903 3.17217 347855 743008 389558 591610 1069912 3.64248 12 1540702 254035 295216 342394 209277 3.15882 1.70002 285434 337993 3.99602 302560 4.31570 3.61653 320714 466096 397031 459497 5.33009 6.13039 184550 432763 505447 589509 686604 471712 5.33992 854355 726134 861276 411591 514166 80621 964629 560441 6.72730 22.18611 26.82333 3194800 38.33700 48 00112 95.39622 610 740025 894927 10038S 414056 505383 862308 1083471 1358546 17.00000 429187 542743 21 123239 136706 151567 1.67958 136029 209943 227877 252024 2.28596 307823 1.39956 574349 761226 1006366 1326768 17.44940 229230 2935992 23737831 25 128243 145095 104061 185394 209378 2.36324 2.66384 1.00543 338635 3.81339 30 134785 156308 181136 209757 242726 2.80679 324340 3.74532 432194 495395 40 148886 181402 2.30804 268506 326204 395926 480102 581636 7.01999 51331 1028572 14.97446 21.72452 3140942 523928 65 00087 9101097 14097710 TABLE 2 Present Value of $1 PV- $1 (+0 L 1090010 98322 295030 0.970 308109 49120 092 4% 4.7% 097561 0 0 69154095894 095218 0947814 LL 95 940050211 00337 09314 000 50% 7% 1249 00000027344 08174 sm 679719 000 R 90 077 0 047 000 841972 34 07835 0701 14 945 05443 0 034285 91 23 374 34796 74622 472207 N 43344 636304 0745 071008 042235 03 54701 650 042210 700 75 0546273147431904 021231 18912729010300427 081999 678 479 09234 0774901075 0143 073941 140073 07662 73379 00 647250 4 041 41 5002140030400 019092 0100 0 10 0905290 82095 78120 0344 000 em 4 0413 0 33218 032197 0 164364472346723 al 04 see 1503613524305600047 3 5 44100 44 303 204 2006 017 0 17 0443 0 7546 4572099255 03 0400 40045 371122040 Y 20 154 3047 047 041024 446 642 0 TONNE D TABLE 4 Present Value of an Ordinary Annuity of $1 PVA- 1 Determine the Future value of $18,000 Each Chegg.com MT 20% 15% 2.0% 3.5% 53% 1 099010 2 197040 . 2.94099 098522 19558 194156 2.91220 2 090039 4 3.90197 335418 $ 485343 4.78204 2.5% 3.0% 4.3% 50% 097561 0970 09661 096154 095894 095238 0.92593 091745 90909 030090 392 3333 192742 191347 139909 138609 187267 13594 17336 17111554 171252 100s 132718 285602 282861 2.80564 271509 274896 1.72325 2.09793 267301 262433 25778 253129 245 244371 24003 210048 330773 3.76197 371710 367308 3.62990 358753 354595 350513 3.45533 3.38721 331213 323972 317 310341 38323 471345 4.64583 457971 451505 445182 438998 432948 427028 421236 410020 399271 60% 7% 094757 094340 093458 30% 100% 184632 3.88965 379079 30 140478 201 5.79548 5.69719 3 " 6.72819 6.59821 765148 748593 . $36602 36052 10 947130 92221 5.60143 5.50813 541719 532855 5.24214 5.1578 5.87549 4.455 435536 423954 411141 332951 647199 634939 623028 6.11454 600205 589270 578637 5.08291 5523538929 120637 303295 48 71220 456176 38040 332548 7.17014 7,01969 6.87396 673274 6.59589 646321 33457 420979 597130 534004553482 533493 514012 436364 3.8171 16224 797057 775011 760700 743333 736879 710782 95220 80 651523 24639 399325 5.79902 333705 332825 40309 898259 8.75206 53000 31001 11000 291272 772173 733763 750009 70238 71008 41766 614457 88923585022 439247 491732 476654 11 3036763 10.07312 9,78485 95141 9.25262 9.00155 595400 946333 938507 12 1125508 1050751 1057534 1025776 9.98565 1121314 11.73153 11.3437 1098319 10.63496 10.30274 8.52892 130041 8.09254 866325 735687 3304 749847 33896 2543753608 94 939557 911708 989554 589 290 34 15.00170 1254338 1210625 1189091 11 29607 1092052 10.56112 10.2228) 15 1336505 133023 1234926 12.38134 11.93794 1151741 1111839 10.73955 103790 1001752 71225 4.30524956 620652 5.9377 432704 7300736150949236 1937 443922 35765 790177490710130 674907 42355 453368 04547 24434 77945 736609 6174217 461057 1000 700 710087 33000 447543 3079 5594 885137 31254 AT 737914 6472954 5430302135 734479 731963 4774 20143 770162 724967 481219 36492 1199 757 43050 976322 91254 3719 14 1471787 1413134 1357771 1305500 12.56110 12.09412 11.4520 11.25402 1045777 30.44216 10.10590 17 1534223 1490765 1429187 15.71220 1316612 12.65132 12.16567 1170719 1127401 3035460 104773 18 16.39827 1567250 1499203 14.35336 1375352 13.18968 12.61930 12.15999 1168959 1124001 10 82700 1005909 19 1722801 1442617 1567846 14978 1432380 1370984 13.13394 12.39329 1208332 1100765 11:15812 10.355600300 20 1804555 17.15864 1635143 1538910 1487747 1421240 13.39011 1300794 1246221 11950 146992 10.1940 7554) 13511 21 18354 17.90014 37.1 16.18455 1541502 14.49797 1402916 1140472 1182115 1227524 11.7640383555 314223444T 1500 439132 25 2202316 2671961 1952346 1840 1741315 3648131 15.62208 1432821 1409394 114139) 12.78 1145358 1047476 22 0774 4N THE NOR 30 2180771 2401384 22.39646 293029 19 60044 18.39205 17.29201 1628891537245 1411175 40 128549 2990581 27355482110278 23 11477 2135507 1978277 1840158 17.15909 1804812 504630 12404 1125778 10.27 13.33 1974 187573 ORE BASE TH 7760 TABLE 5 Future Value of an Annuity Due of $1 FVAD (2+) x(2+1) 1.0% 1.5% 20% 2.596 3.0% 3.596 1 10100 10150 1.0200 1.0250 10300 1.0350 2 2.0301 41525 3 53% 10500 1.0550 1.0600 20452 2.0504 20756 10909 2.1063 21216 21370 21525 2.1680 2.1836 . 3.0604 3.0909 3.1216 3.3525 3.1836 3.2149 4 41010 4.2040 4.2563 43091 4.3625 5.1520 5.2296 53001 5.3877 5.4684 55500 4.0% 4.5% 5.0% 60% 7.096 10400 10450 12465 44163 5.6330 45811 5.7109 4.6371 4.7507 48666 59753 61533 63359 10.5% 11.8% 120% 20% 1.1000 11100 11200 12000 23100 23421 23744 10400 3.2782 33101 33423 3.3746 3.4399 3:5061 3.3731 36410 3,7007 37793 43600 44707 45256 49547 51051 52278 13528 84418 53019 65233 6.7156 69129 73332 19290 9.0% 1.0700 10000 10900 22109 22464 177 . 7 " 9 62135 63230 64343 6.5474 6.6625 6.7794 6.3953 7.2857 74328 75830 77361 78923 0517 2142 83683 85593 8.7546 8.9545 9.1591 9.3655 95628 9.4622 97027 99497 10.2014 10.4639 10.7314 110061 10 10.5668 103633 11.1687 114835 118078 12.1420 12.45641 7.0193 13800 5021 7.1420 73449 85491 7216 10 0266 10.2563 10.4913 312882 115779 114754 12.100 12.8412 13.2008 13.5835 12.3104 13.9716 14.7836 7.3938 7.4540 7922 92598 9.6366 10.9780 11-4576 134066 15 0455 8.3004 7633 304359 0.8594 11.2997 120310 125795 13.7757 111640 14.1929 149374 157220 183487 10.5401 175312 185614 19.4546 17589 249587 311104 11 11.4825 12.0412 12.4121 12.7956 13.1920 13.4020 14.0258 12 128093 132368 13.6803 14.1404 14.6178 15.1130 15.0208 13 139474 144504 149739 155190 160563 10.6770 17.2919 14 15.0909 15.6821 182934 169319 17.3969 18.2957 19.0236 13 162379 169334 17.6393 18.3802 19.1549 19 9710 208345 21.7193 14.4640 16 1599 17.9321 197841 14.9171 153856 172068 16.7130 20 0151 185986 19.2926 20.3786 214087 22.2700 24.8725 21-4411 22.6575 159 16.3885 179771 19.3406 204913 21.9534 332148 21.5305 210192 241290 261121) 19.1407 30.3843 11.7132 23.1333 353865 265750 290949 30.7735 314054 362793 2 293143 320054 34307 LIDE 41.7533 M4421 23.7417 24.3404 30.3714 32.7831 103835 16 174304 18.2014 10.0221 103047 20.7414 21.7050 21.4975 37 18.6147 194894 204123 21:3063 224144 234997 246454 18 19.8109 20.7967 21 5406 22 9460 241109 25-3572 26 6712 19 21.0190 221237 13.2914 24.5447 258704 272797 287781 20 222392 234705 24 7833 26 1813 27.6705 29.2695 309692 255 28 0630 30.3643 43.3935 335600 18.1564 764194 13017 301.0730 122.3459 148 5352 180944 2309132 2702924 IEST 21 214716 343376 24.2900 278629 29.5348 31.329 33.3480 35.3034 45.3706 25 285236 305140 326709 35.0117 37.5510 40.3131 433117 63.7524 30 351327 381018 413794 45 0003 49 0027 11 4295 183283 40 49.3752 55 0819 3.010060876 776633 875095 988265 311.8467 126319 1441189 1440477 2136094 279 78102919 504 BRIC HIZEN 27.3324 284812 29.3390 11.1027 335083 320000 347193 367861 272139 329990 16410240301 299057 32.2600- 36.3790 404463 35.7856 30.9955 38 9927 33.7503 5011 385447 41.500 473837 445993 54749) 159195 24997 30 1601 56275 13009 110524 413012 494229 35.7645 430025 71.2130) 2340 480057 54454 ALT 64627 03145 913436 2 913240 1081818 HP 443773 TABLE 6 Present Value of an Annuity Due of $1 PVAD- (1+1) table Bang 13794 "T 1.0% 15% 1 100000 2 199010 3. 297040 4 394099 2.95583 294156 3.91220 3 490197 435438 480773 2096 2.596 1.00000 1.00000 100000 1.98522 198019 197561 292742 135602 476197 3.0% 3.3% 40% 4.5% 5.0% 5.5% 60% 7.894 20% 100000 100000 1.00000 100000 1.00000 197087 136618 196154 195694 1.95238 2.91347 2.39909 2.88009 287367 285941 382861 180164 377509 374896 471710 48730 4.62990 458753 100000 1.00000 100000 100000 1.00000 154787 154340 195458 1.92593 191743 2.34632 21339 2002 276330 275911 372325 369793 347301 3.62432 337730 333129 434395 450515 438721 431213 423972 100% 100000 100000 100000 100000 150000 1000 1992 113 273554 271232 3600 152776 343 344375 140 1104 41087 430245 405755 38 12 100% " 7 " 10 5.35343 5.78264 5.71346 5.64583 5.57971 5.51505 6.79548 609719 60143 650613 641719 632855 7.72819 759821 747199 734939 723028 3651 45593 832548 17014 01909 956602 936052 916224 970871 8.78611 5.45382 53899 532948 527028 521236 624214 615787 607589 19955 5.91732 211454 7.00305 589270 678637 6.6639 6382 787396 7.73274 759589 746321 7.33457 720979 697130 60369 843533 836879 30787 395220 180109 751523 5102 409271 576654 674004 33482 479079 449590 44047 399941 3-48592 535526 523054 511143255 620637 601295 54842 571229 556176 4800 633405 614412 196764 43373 72400999525 75902 33705 32825 58009 10.47130 10.22218 9.95259 9.75204 9.53020 931401 9.11000 8.91272 7217353763 36000 3.02358 12 1136793 11.07112 10.78685 1051421 10.25262 10.00155 976048 932892 930641 909254 55587 49067 13 12:25508 11.90751 1137334 11.25776 10.95400 10.66333 1038507 10.11838 986325 901852 9.38304 894209 14 15 1313374 12.7315) 12.34837 11.98338 11.63496 1130274 10.98565 106285 10.39557 10.11708 9.45268 935763 14 00370 11.54338 13.10625 12.69091 12.29607 11.92052 11.54312 11.22283 1089064 10.52965 10.29496 $24547 924424 16 1436505 14.3023 135024 1338138 12.93794 1251741 1211830 11.73955 11.37966 1103758 18.71225 0.14911 17 15.71787 15.13126 14.57771 14.05500 13.56100 1309412 1265230 12.23402 1135777 1146216 11.10590 3044065 18 1656225 1590765 15.29187 1471220 14.16612 13.65152 13.16567 12.70719 1227407 1180401 147726 10 76522 19 1739627 16 67256 1559203 15.35336 14.75351 1418968 13.45930 13.15999 128959 1224607 1182760 11 01909 20 1822601 1742627 16.67546 1597889 15.32300 14.70984 14.13394 1339329 13.00532 120078 1215812 1133500 100360 734457 638923 645822 53934 730 749506 720652 33770 13270 16075 7513049234 719437 5.43922 49010336 174987 7425 35 78615 360 19617 1617 ST 19087 730084 147547 554 985137 931256 10 121645434) 10.37129 25563 81371 37958 7979 574 902155 15479) THO 2064 2062 2067 SALT 39501 934 SE 14000 21 10.04555 18.1844 1735143 16.58916 15.87747 1521240 34.59033 14.00794 13.46221 1295038 1240092 11.5401 1081815 1812855 513 56333 M 25 2224359 21.03041 1991393 1888499 17.93554 17.05837 1624696 1549548 14.79564 1433170 1335036 1248911 11328 10.201 30 2606579 24.37006 2254438 2145335 2038845 1903577 1798371 17.02189 18 14107 1533310 14.39071 1327 40 33.16305 30.36458 2190259 2575034 2330822 2210250 2058448 1922966 1201704 1692866 1550 14.264 998474 348147843217 1 121141 11.192 103 12878161122952 10.75 9914 335 7.71008 7.41744 13896 13000 8903

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 Working Papers

Authors: John G. Helmkamp

2nd Edition

0471514292, 978-0471514299

More Books

Students also viewed these Accounting questions

Question

Distinguish between formal and informal reports.

Answered: 1 week ago