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Exercise B-5 Future value of an amount LO P2 Mark Welsch deposits $7.600 in an account that earns interest at an annual rate of 12%,
Exercise B-5 Future value of an amount LO P2 Mark Welsch deposits $7.600 in an account that earns interest at an annual rate of 12%, compounded quarterly, The $7.600 plus earned interest must remain in the account 3 years before it can be withdrawn. How much money will be in the account at the end of 3 years? (PVOL.SI, EVOL.S1. PVA of $1 and EVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Table Factor Total Accumulation 7600 Present Value search T 64F Exercise B-8 Number of periods of an investment LO P3 Keith Riggins expects an investment of $65.247.30 to return $9,000 annually for several years. If Riggins earns a return of 12%, how many annual payments will he receive? (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Annuity Payment Table Factor Present Value S 65 247 30 Annual Payments payments Otto Co borrows money on April 30, 2019, by promising to make four payments of $23,000 each on November 1, 2019: May 1, 2020 November 1, 2020; and May 1, 2021. PV of S1 EV of $1. PVA S1, and EVA OL$1) (Use appropriate factor(s) from the tables provided. Round "Table Foctor" to 4 decimal places.) 1. How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 12%, compounded semiannually? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much money is Otto able to borrow if the interest rate is 6%, compounded semiannually? Periodic Cash Flow Table Factor Present Value Berpe Required 2 > 0 > kule Exercise B-13 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. EV or $1. PVA OL $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table volue" to 4 decimal places.) 1 A promise to repay $90,000 three years from now at an interest rate of 10%. 2. An agreement made on February 1 2019. to make three separate payments of $16,000 on February 1 of 2020, 2021 and 2022. The annual interest rate is 3%. Table Value Amount Present Value Option 1 Loan amount Table Value Amount Present Value Option 2 Annual payments ORI Starr Company decides to establish a fund that it will use 3 years from now to replace an aging production facility. The company will make a $92,000 initial contribution to the fund and plans to make quarterly contributions of $56.000 beginning in three months. The fund earns 12%, compounded quarterly. (PV of $1. EV of $1. PVA of $1, and EVA OL$.1) (Use appropriate foctor(s) from the tobles provided. Round your "Table Foctor" to 4 decimal places and final answers to the nearest whole dollar.) What will be the value of the fund 3 years from now? Table Values are Based on: n Present Value Tablo Factor Future Value Initial Investment Periodic Investments Future Value of Fund
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