For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (i = interest rate, and n= number of years) (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.) Present Value i n 125 6.0% so Future Value S 58.000 S 72.000 5 44.500 S 145.000 $ 2. 3. 4 5 10.0% 21.302 11,718 04.134 11.354 5 $ 8.096 References For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i = interest rate, and n=number of years) FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate fector(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) 125 = = 8% Skipped 2. Present Value Annuity Amount IS 5,400 168. 27 5 ,000 308.066 40.000 870.000 98.454 105 000 11% 1045 John Rider wants to accumulate $90,000 to be used for his daughter's college education. He would like to have the amount available on December 31, 2023. Assume that the funds will accumulate in a certificate of deposit paying 8% interest compounded annually. (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.) Answer each of the following independent questions. 12.5 points Required: 1. If John were to deposit a single amount, how much would he have to invest on December 31, 2018? 2. If John were to make five equal deposits on each December 31, beginning a year later on December 31, 2019, what is the required amount of each deposit? 3. If John were to make five equal deposits on each December 31, beginning now, on December 31, 2018, what is the required amount of each deposit? (For all requirements, Round your final answers to nearest whole dollar amount.) eBOOK 1. Amount Annuity amount Annuity amount 2. 3. References Lincoln Company purchased merchandise from Grandville Corp. on September 30, 2018. Payment was made in the form of a noninterest-bearing note requiring Lincoln to make six annual payments of $5.800 on each September 30, beginning on September 30. 2021. (FV of $1. PV of S. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate foctor(s) from the tables provided.) Required: Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2018 assuming that an interest rate of 10% properly reflects the time value of money in this situation 12.5 pois Amount recorded Chapter 5 HW Lang Warehouses borrowed $169,605 from a bank and signed a note requiring 5 annual payments of $37,034 beginning one year from the date of the agreement. (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.) Required: Determine the interest rate implicit in this agreement. (Round Interest rate to 1 decimal place.) 125 points Solve for i Sudopes Annuity payment Chapter 5 HW 0 On September 30, 2018, the San Filipo Corporation issued 8% stated rate bonds with a face amount of $360 million. The bonds mature on September 30, 2038 20 years. The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30. (FV of $1. PV of St. FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1 (Use appropriate factor(s) from the tables provided.) 12.5 Required: Determine the price of the bonds on September 30, 2018. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) Sped Table values are based on: Cash Flow Amount Present Value Principal Price of bonds
