Exercise 5-5 (Algo) Solving for unknowns; single amounts (LO5-4) For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (/- Interest rate, and n=number of years) (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) n 4 9.0% 1. 10 12 2 Present Value Future Value $ 70,000 $ 41,740$ 84,000 $ 15,135 $ 47,500 $ 21.706 $ 175,000 $ 23.643 3 10.0% 4. 5 20 14 8.0% Exercise 5-3 (Algo) Present value; single amounts [LO5-3) Determine the present value of the following single amounts (FV of S1. PV of $1. FVA of $1. PVA of $1. FVAD of S1 and PVAD of $1 (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Present Value 1 Future Amount $ 26,000 $ 20,000 $ 31,000 5 46,000 2 3 4 7% 11% 11% 12 15 28 11 12% > int rences Exercise 5-1 (Algo) Future value; single amount (LO5-2] Determine the future value of the following single amounts (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) n Future Value 1. 2 Invested Amount $ 16,000 $ 24,000 $ 36.000 $ 57.000 4% 7% 11% 10 5 20 3 4 7% 10 cos Exercise 5-10 (Algo) Future and present value (LO5-3, 5-7,5-8] Answer each of the following independent questions. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $88,000 cash immediately. (2) $34,000 cash immediately and a six-period annuity of $9,300 beginning one year from today, or (3) a six-period annuity of $18,400 beginning one year from today. (FV of $1. ex of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 7%, determine the present value for the above options. Which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $175,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 8% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? Complete this question by entering your answers in the tabs below. ces Required: Required 2 Assuming an interest rate of 7%, determine the present value for the above options. Which option should Alex choose? (Round your final answers to nearest whole dollar amount.) PV Annuity Imunediate Cash PV Option . Annuity Payment Option 1 Option 2 Options Which option should Alex choose? . Required 2 > Answer each of the following independent questions. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $88,000 cash immediately. (2) $34,000 cash immediately and a six-period annuity of $9,300 beginning one year from today, or (3) a six-period annuity of $18,400 beginning one year from today. (FV of $1. PV of S1. FVA of $1. PVA of S1, FVAD 0f $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Assuming an interest rate of 7%, determine the present value for the above options. Which option should Alex choose? 2. The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Welmer will make annual deposits of $175,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 8% Interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? Complete this question by entering your answers in the tabs below. Required 1 Required 2 onces The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $175,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 8% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030? (Round your final answers to nearest whole dollar amount.) Show less Table or calculator function Payment: = Future value Exercise 5-17 (Algo) Price of a bond; interest expense (LO5-9,5-10] On June 30, 2021, Singleton Computers issued 5% stated rate bonds with a face amount of $280 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually (2.5%) on June 30 and December 31, beginning on December 31, 2021. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2021. 2 Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 ***** Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount) Period-End Cash Interest Bond Interest Pald Expense Premium Amortization Carrying Value 06/30/2021 12/31/2021