{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-14T00:05:37-04:00", "answer_date": "2024-09-14 00:05:37", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10720661", "url": "\/study-help\/questions\/for-each-of-the-following-situations-identify-1-the-case-10720661", "question_creation_date_js": "2024-09-14T00:05:37-04:00", "question_creation_date": "Sep 14, 2024 12:05 AM", "meta_title": "[Solved] For each of the following situations, ide | SolutionInn", "meta_description": "Answer of - For each of the following situations, identify (1) the case as either (a) a present or a future value and (b) a single | SolutionInn", "meta_keywords": "situations,identify,1,case,present,future,value,single,amount,annuity,2,table", "question_title_h1": "For each of the following situations, identify (1) the case as either (a) a present or a future value and (b) a single amount or", "question_title": "For each of the following situations, identify (1) the case as either", "question_title_for_js_snippet": "For each of the following situations, identify (1) the case as either (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 problem) and (3) the interest rate and time periods you woulc use (PV of $1, EV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided Round Table Factors to 4 decimal places a You need to accumulate $12,000 for a trip you wish to take in nine years You are able to earn 12 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 vou will make semiannual deposits to your savings account What is the required dinountor eden semiannual deposit 1 You want to retire after working 40 ears with savings in excess of $1 800 000 You expect to save $3 800 a vear for 40 vears and earn an annual rate of interest of 9 c 2 Will you be able to retire with more than $1,800,000 in 40 years d 1 A sweepstakes agency names you a grand prize winner You can take $204 000 immediately or elect to receive annual installments of $3 ,000 for 25 years You can earn 9 annually on any investments vou make d 2 Which prize do vou choose to receive connorere anis guestonoventerinervour answers For each of the following situations, identify (t) the case as either (d) 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 problem), and (3) the interest rate and time periods you would use (PV of S1 FV of S1 PVA of 51, and EVA of S1) (Use appropriate factor(5) from the tables provided Round Toble Factors to 4 decimal places ) a You need to accumulate $12,000 for a trip you wish to take in nine years You are able to earn 12 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 reure after working 40 years with savings in excess of $1,800,000 You expect to save $3,800 a year for 40 years and earn an annual rate of interest of 9 c 2 Will you be able to retire with more than $1,800,000 in 40 vears d 1 A sweepstakes agency names you a grand pize winner You can take $204,000 immediately or elect to receive annual instaliments of $37,000 for 25 years You can earn 996 annually on any investments you make d 2 Which prize do you choose to teceive Complete this question by entering your answers in the tabs below Assume the same facts as in part (a) except that you witt make semlannual deposits to your savings account, What is the required amount of each semlannuai deoosit (Round vour answer to 2 decimal olaces )", "question_description": "

For each of the following situations, identify (1) the case as either (a) a present or a future value and (b) a single amount or an annuity.<\/span><\/p>

2) the table you would use in your computations (but do not solve the problem). and (3) the interest rate and time periods you woulc use. (PV of $1, EV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round \"Table Factors\" to 4<\/span><\/p>

decimal places.<\/span><\/p>

a. You need to accumulate $12,000 for a trip you wish to take in nine years. You are able to earn 12% compounded semiannually on<\/span><\/p>

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?<\/span><\/p>

b. Assume the same facts as in part (a) except that vou will make semiannual deposits to your savings account. What is the required dinountor eden semiannual deposit<\/span><\/p>

1. You want to retire after working 40 ears with savings in excess of $1.800.000. You expect to save $3.800 a vear for 40 vears and earn an annual rate of interest of 9%<\/span><\/p>

c-2. Will you be able to retire with more than $1,800,000 in 40 years?<\/span><\/p>

d-1. A sweepstakes agency names you a grand prize winner. You can take $204 000 immediately or elect to receive annual installments of $3\/,000 for 25 years. You can earn 9% annually on any investments vou make d-2. Which prize do vou choose to receive<\/span><\/p>

connorere anis guestonoventerinervour answers<\/span><\/p>

\"image <\/div> <\/div> For each of the following situations, identify (t) the case as either (d) 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 problem), and (3) the interest rate and time periods you would use. (PV of S1. FV of S1. PVA of 51, and EVA of S1) (Use appropriate factor(5) from the tables provided. Round \"Toble Factors\" to 4 decimal places.) a. You need to accumulate $12,000 for a trip you wish to take in nine years. You are able to earn 12% 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 reure after working 40 years with savings in excess of $1,800,000. You expect to save $3,800 a year for 40 years and earn an annual rate of interest of 9% c-2. Will you be able to retire with more than $1,800,000 in 40 vears? d-1. A sweepstakes agency names you a grand pize winner You can take $204,000 immediately or elect to receive annual instaliments of $37,000 for 25 years. You can earn 996 annually on any investments you make. d-2. Which prize do you choose to teceive? Complete this question by entering your answers in the tabs below. Assume the same facts as in part (a) except that you witt make semlannual deposits to your savings account, What is the required amount of each semlannuai deoosit? (Round vour answer to 2 decimal olaces.)", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-14 00:05:37", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/operations-research-an-introduction\/3-in-this-problem-we-explain-why-the-mst-algorithm-2008869", "description": "3 In this problem, we explain why the MST algorithm works. 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