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does anyone know how to do this probelm question??? its mangerial accounting btw theres tables that they gave us and its 4 tables so it
does anyone know how to do this probelm question??? its mangerial accounting btw
Exercise B-19 (Algo) Using present and future value tables LO C1, P1, P2, P3, P4 For each of the following situations, identify (1) the case as elther (a) a present or a future value and (b) a single amount or an annuity. (2) the table you would use in your computations (but do not solve the problem), and (3) the interest rate and time periods you would USe. (PV of \$1. RV of S1. PVA of S1i and FVA of 51) (Use appropriate factor(5) from the tables provided. Round "Table Factors" to 4 decimal places.) a. You need to accumulate $13,000 for a trip you wish to take in seven years. You are able to earn 8%6 compounded semiannually on your savings. You plan to make only one deposit and let the money accumulate for seven years. How would you determine the amount of the one-time deposit? b. Assume the same facts as in part (a) except that you will make semiannual deposits to your savings account. What is the required amount of each semiannual deposit? 1. You want to retire after working 30 years with savings in excess of $1,300,000. You expect to save $3,400 a year for 30 years and earn an annual rate of interest of 7% c-2. Will you be able to retire with more than $1,300,000 in 30 years? d-1. A sweepstakes agency names you a grand prize winner. You can take $236,000 immediately or elect to receive annual instaliments of $38,000 for 15 years. You can earn 11% annually on any investments you make. d-2. Which prize do you choose to receive? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. You need to accumulate $13,000 for a trip you wish to take in seven years. You are able to earn 8% compounded semiannually on your savings. You plan to make only one deposit and let the money accumulate for seven years. How would you determine the amount of the one-time deposit? (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Assume the same facts as in part (a) except that you will make semiannual deposits to your savings account. What is the required amount of each semiannual deposit? (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. You want to retire after working 30 years with savings in excess of $1,300,000. You expect to 5av0$3,400 a year for 30 years You want to retire arter working an annual rate of interest of 7%. (Round your answer to 2 decimal places.) d-2. Which prize do you choose to recelve? Complete thls question by entering your answers in the tabs below. Will you be able to retire with more than $1,300,000 in 30 years? Wil you be able to rebre with more than $1,300,000 in 30 years? Complete this question by entering your answers in the tabs below. A sweepstakes agency names you a grand prize winner. You can take $236,000 immediately or elect to receive annuas instaliments of $38,000 for 15 years. You can carn 11% annually on any investments you make. (Round your answer to 2 decimal places.) Table H.I Prescnt Value of 1 =1/(1+i)n years from today? Using the factors of n=12 and i=5% ( 12 semiannuat periods and a semiannual rate of 5% ), the factor is 0.5568 , You woild need to invert $2,754 todiny ( 55,000 . Table 822 Future Value of 1 f=(1+i)n Used to compute the future wahe of a known present amount. For example: What is the accumalated value of $3,000 invesied today ar 5%6 compounded quitrierly for 5 yrars? he factors of n=20 and i=2%6 (20 quarterly periods and a muarterly interest rate of 2% ), the factor is 1.4859 . The aceumulated value is $4.457.70 (\$5 9001.4859. Tabie B_3 Present Value of an Annuity of 1 p=[11/(1+i)r]/ FUsed to calculate the present walue of a series of equal payments made at the end of each period. For erample: What is the present wilue of \$2,000 per year for royearn assimith annual interest rate of 94 ? For (n=10,1=9%, , the PV factor is 6.4177.$2,000 per year for 10 years is the equivalent of $12.835 todaty (\$2.000 6.4177 ). Table 1.A Future Value of an Arunity of 1 f=[(1+n+1]i SUsed to calculate the futare value of a series of equat payments made at the end of each period. For example: What is the furare value of $4,000 per year for 6 yearr atrumin annual inferest rate of 8% ? For (n=6,i=8% ), the FV factor is 73359.$4,000 per year for 6 years accumalates to $29,343, 60 ( $4,00073359 ). Exercise B-19 (Algo) Using present and future value tables LO C1, P1, P2, P3, P4 For each of the following situations, identify (1) the case as elther (a) a present or a future value and (b) a single amount or an annuity. (2) the table you would use in your computations (but do not solve the problem), and (3) the interest rate and time periods you would USe. (PV of \$1. RV of S1. PVA of S1i and FVA of 51) (Use appropriate factor(5) from the tables provided. Round "Table Factors" to 4 decimal places.) a. You need to accumulate $13,000 for a trip you wish to take in seven years. You are able to earn 8%6 compounded semiannually on your savings. You plan to make only one deposit and let the money accumulate for seven years. How would you determine the amount of the one-time deposit? b. Assume the same facts as in part (a) except that you will make semiannual deposits to your savings account. What is the required amount of each semiannual deposit? 1. You want to retire after working 30 years with savings in excess of $1,300,000. You expect to save $3,400 a year for 30 years and earn an annual rate of interest of 7% c-2. Will you be able to retire with more than $1,300,000 in 30 years? d-1. A sweepstakes agency names you a grand prize winner. You can take $236,000 immediately or elect to receive annual instaliments of $38,000 for 15 years. You can earn 11% annually on any investments you make. d-2. Which prize do you choose to receive? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. You need to accumulate $13,000 for a trip you wish to take in seven years. You are able to earn 8% compounded semiannually on your savings. You plan to make only one deposit and let the money accumulate for seven years. How would you determine the amount of the one-time deposit? (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. Assume the same facts as in part (a) except that you will make semiannual deposits to your savings account. What is the required amount of each semiannual deposit? (Round your answer to 2 decimal places.) Complete this question by entering your answers in the tabs below. You want to retire after working 30 years with savings in excess of $1,300,000. You expect to 5av0$3,400 a year for 30 years You want to retire arter working an annual rate of interest of 7%. (Round your answer to 2 decimal places.) d-2. Which prize do you choose to recelve? Complete thls question by entering your answers in the tabs below. Will you be able to retire with more than $1,300,000 in 30 years? Wil you be able to rebre with more than $1,300,000 in 30 years? Complete this question by entering your answers in the tabs below. A sweepstakes agency names you a grand prize winner. You can take $236,000 immediately or elect to receive annuas instaliments of $38,000 for 15 years. You can carn 11% annually on any investments you make. (Round your answer to 2 decimal places.) Table H.I Prescnt Value of 1 =1/(1+i)n years from today? Using the factors of n=12 and i=5% ( 12 semiannuat periods and a semiannual rate of 5% ), the factor is 0.5568 , You woild need to invert $2,754 todiny ( 55,000 . Table 822 Future Value of 1 f=(1+i)n Used to compute the future wahe of a known present amount. For example: What is the accumalated value of $3,000 invesied today ar 5%6 compounded quitrierly for 5 yrars? he factors of n=20 and i=2%6 (20 quarterly periods and a muarterly interest rate of 2% ), the factor is 1.4859 . The aceumulated value is $4.457.70 (\$5 9001.4859. Tabie B_3 Present Value of an Annuity of 1 p=[11/(1+i)r]/ FUsed to calculate the present walue of a series of equal payments made at the end of each period. For erample: What is the present wilue of \$2,000 per year for royearn assimith annual interest rate of 94 ? For (n=10,1=9%, , the PV factor is 6.4177.$2,000 per year for 10 years is the equivalent of $12.835 todaty (\$2.000 6.4177 ). Table 1.A Future Value of an Arunity of 1 f=[(1+n+1]i SUsed to calculate the futare value of a series of equat payments made at the end of each period. For example: What is the furare value of $4,000 per year for 6 yearr atrumin annual inferest rate of 8% ? For (n=6,i=8% ), the FV factor is 73359.$4,000 per year for 6 years accumalates to $29,343, 60 ( $4,00073359 ) theres tables that they gave us and its 4 tables so it might be long even though its one question
these are the tables below that they gave us to use for the question
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