Determine the future value of the following single amounts (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) Invested Amount 1- nu Future Value 1. $ 12,000 $ 16,000 5 29,000 5 49,000 2 3. 4. 8% 5% 11% 4% 6527 Determine the present value of the following single amounts (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of 5) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.): Future Amount Present Value 1. $ 5% 10 2. 9% 13 3. 11% 25 4. 10% 4 5555 24,000 18,000 29,000 44,000 9 For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. ( interest rate, and number of years) (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of 51 and PVAD) of S1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Present Value Fistire Value 1. $ 50,000 11.0% 10 $ 24,433 $ 63,000 $ 10,174 $ 42,500 10.0% $ 40,772 S 125,000 $ 16,836 5.0% 2 3. 4. 5. 14 13 11 C The Field Detergent Company sold merchandise to the Abel Company on June 30, 2021. Payment was made in the form of a noninterest-bearing note requiring Abel to pay $85,000 on June 30, 2023. Assume that a 10% interest rate properly reflects the time value of money in this situation. (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use oppropriate factor(s) from the tables provided.) Required: Calculate the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2021. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Future value: PV Note/Revenue n= (= Listed below are several terms and phrases associated with concepts discussed in the chapter. Pair each item from List A (by letter) with the item from List B that is most appropriately associated with it. List A List B 1. Interest a. First cash flow occurs one period after agreement begins b. The rate at which money will actually grow during a year 2. Monetary asset 3 Compound interest. c First cash flow occurs on the first day of the agreement 4. Simple interest d. The amount of money that a dollar will grow to 5 Annuity 6. Present value of a single amount f. e. Amount of money paid/received in excess of amount borrowedlent Obligation to pay a sum of cash, the amount of which is fixed 9 Money can be invested today and grow to a larger amount h. No fixed dollar amount attached 7. Annuity due 8 Future value of a single amount 9 Ordinary annuity Computed by multiplying an invested amount by the interest rate 10. Effective rate or yield Interest calculated on invested amount plus accumulated interest 11 Nonmonetary asset k A series of equal-sized cash flows 12 1 Amount of money required today that is equivalent to a given future amount Time value of money. 13 Monetary liability m Claim to receive a fixed amount of money
