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Each of the following situations is independent. (Future Valueof $1, Present Value of $1, Future Value Annuity of $1, PresentValue Annuity of $1) (Use appropriate
Each of the following situations is independent. (Future Valueof $1, Present Value of $1, Future Value Annuity of $1, PresentValue Annuity of $1) (Use appropriate factor(s) from the tablesprovided.)
Case | Present Value | Annuity | Future Value | Annual Interest Rate | Number of Years |
A | $150,000 | ---- | (i) | 3% | 7 |
B | (ii) | --- | $150,000 | 4% | 6 |
C | (III) | $3,000 | ---- | 2% | 10 |
D | ---- | $4,000 | (IV) | 3% | 20 |
Compute the missing amounts for (i) through (iv). (Round youranswers to nearest hundred dollars.)
(i)
(ii)
(iii)
(iv)
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