Exercise B-19 (Algo) Using present and future value tables LO C1, P1, P2, P3, P4 For each of the following situations, identity ( the case as ether (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 problemd, and (3) the interest rate and time periods you would use of 1. EV of $1. PVA of $1, and EVA of S1) (Use appropriate fector(s) from the tables provided. Round "Table Factors" to 4 decimal places.) You need to accumulate $10,000 for a trip you wish to take in nine years. You are able to earn 10% compounded semiannually on your savings You plan to make only one deposit and let the money accumulate for nine 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 retee after working 35 years with savings in excess of $1100,000. You expect to save $3,600 a year for 35 years and torn an annual rate of interest of 7% c-2. Will you able to retire with more than $1100.000 in 35 years? d-1. A sweepstakes agency nemes you a grand prize winner, You can take $207,000 immediately or elect to receive annual installments of $28,000 for 30 years. You can eam 10% 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. Red A Res C Rec C 01 02 You need to accumulate $10,000 for a trip you wish to take in nine years. You are able to earn 10% compounded semiannually on your savings. You you determine the amount of the make only one deposit and let the money accumulate for nine years. How would deposit (Round your ar desal places) Future Val Table Factor 1 10000 Tube Valves as Based in Present Valu He>> 1. You want to retire after working 35 years earn an annual rate of interest of 7%. c-2. Will you be able to retire with more than $1,100,000 in 35 years? d-1. A sweepstakes agency names you a grand prize winner. You can take $207,000 im installments of $28,000 for 30 years. You can earn 10% annually on any investments you d-2. Which prize do you choose to receive? Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Req D1 Req D2 Assume the same facts as in part (a) except that you will make semiannual deposits to your required amount of each semiannual deposit? (Round your answer to 2 decimal places.) Future Value Table Values are Based on: n D Table Factor Semiannual deposits < Req A Req C1 > Req A Req B abs below. Req C2 Req D1 Req D2 You want to retire after working 35 years with savings in excess of $1,100,000. You expect to save $3 and earn an annual rate of interest of 7%. (Round your answer to 2 decimal places.) Yearly Deposits Table Values are Based on: n Table Factor installments of $28,000 for 30 years. You can earn 10% annually on any investments you mak d-2. Which prize do you choose to receive? Complete this question by entering your answers in the tabs below. Reg A Req B Req C1 Req C2 Req D1 Req D2 Will you be able to retire with more than $1,100,000 in 35 years? Will you be able to retire with more than $1,100,000 in 35 years? < Req C1 Req D1 > receiver Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Req C2 Req D1 Req D2 A sweepstakes agency names you a grand prize winner. You can take $207,000 immediately or elect to m Installments of $28,000 for 30 years. You can earn 10% annually on any investments you make. (Round) decimal places.) Annual Installment Table Values are Based on: n Table Factor Present Value d-1. A sweepstakes agency names you a grand prize winner. You can take $207,000 immediately or elect to Installments of $28,000 for 30 years. You can earn 10% 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. Req A Req B Req C1 Req C2 Req D1 Red-D2 Which prize do you choose to receive? Which prize do you choose to receive?