Exercise B-13 (Algo) Present value of an amount and of an annuity LO P1, P3 Compute the amount that can be borrowed under each of the following circumstances: (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) 1. A promise to repay $91,000 three years from now at an interest rate of 9%. 2. An agreement to make three separate annual payments of $11,000, with the first payment occurring 1 year from now. The annual interest rate is 3%. Option 1 Table Value Amount Present Value Loan amount $ 0 Option 2 Table Value Amount Present Value Annual payments 0 Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $51 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If Malone continues with her plan for two and one-half years, how much will be accumulated in the account on the date of the last deposit? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.) Periodic Cash Flow Table Factor Total Accumulation Table Values are Based on: n = i = Exercise B-17 (Algo) Future value of an amount plus an annuity LO P2, P4 Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will make a $94,000 initial contribution to the fund and plans to make quarterly contributions of $52,000 beginning in three months. The fund earns 8%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar.) What will be the value of the fund 2 years from now? Table Values are Based on: Initial Investment Periodic Investments Future Value of Fund n= =! Present Value Table Factor Future Value