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does anyone know how to do this probelm question??? its mangerial accounting btw theres tbales that was given to us to answer the question. Theres
does anyone know how to do this probelm question??? its mangerial accounting btw
Exercise B-6 (Algo) Future value of an amount LO P2 Catten, incorporated, invests $159,170 today earning 9% per year for eight years. (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.) Compute the future value of the investment eight years from now. Table H, 1* Present Value of 1 p=1/(1+m * Used to conpute the present value of a known firture amoant. For example: How much would you need to invest today at Jo compounded semiannually to accumblate 55 owo in years from today? Using the factors of n=12 and i=5%. ( 12 semiannual periods and a semiannaal rate of 5% ), the factor ar 0.5568 . You weald need fo invest $2,784 today ( 55 , Oo 0.5568) Tabde H.Z Fature Value of 1 f=(l+i)n TUsed to compute the future value of a known present amonint. For example: What is the accumalated value of $3,000 invested today at 8% conppounded quarierly for 5 years? the factors of n a 20 and i=2% (20 quarierly periods and a quarierly interest rate of 2%), the factar is 3.4859 . The accumalated value is $4,457.70 ( $3.0001.4559). p=[11/(1+n} FUsed ro calculate the present value of a series of equal payments made at the end of each period. For eumple: What is the presert value of $2,000 per yeir for 10 years assumtit annual intereir rate of 9% For (n=10,i=996), the PV factor is 6.4177,$2,000 per year for 10 years is the equivalent of $12.835 today ( $2,000 x 6.4177). Tiahle is. 4F Vutare Value of an Annuity of : f=[(1+n8+11) SUsed to caleulate the furure value of a series of equal paymenes made ar she end of each period. For enample: What is the firure value of 54000 per year for 6 yearr asmuning an annual interest rate of 8%7 For (n=6,i=8%5), the FV factor is 7.3359.$4.000 per year for 6 years accumalates to $29, 343 t.60 ( $4.0007.3359) theres tbales that was given to us to answer the question. Theres 4 of them
these are the tables below that was given
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