Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Future Value Factor for a Single Present Amount (Interest rate = r, Number of periods = n) nir 1 10 11 12 13 1% 1.0100

image text in transcribedimage text in transcribedimage text in transcribed

Future Value Factor for a Single Present Amount (Interest rate = r, Number of periods = n) nir 1 10 11 12 13 1% 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 1.0721 1.0829 1.0937 1.1046 1.1157 1.1268 1.1381 1.1495 1.1610 1.1726 1.1843 1.1961 1.2081 1.2202 2% 3% 4% 5% 1.0200 1.0300 1.04001.0500 1.0404 1.0609 1.0816 1.1025 1.0612 1.0927 1.12491.1576 1.0824 1.1255 1.1699 1.2155 1.1041 1.1593 1.2167 1.2763 1.1262 1.1941 1.2653 1.3401 1.1487 1.2299 1.3159 1.4071 1.1717 1.2668 1.36861.4775 1.1951 1.3048 1.4233 1.5513 1.21901.3439 1.4802 1.6289 1.2434 1.3842 1.5395 1.7103 1.2682 1.4258 1.6010 1.7959 1.2936 1.4685 1.6651 1.8856 1.3195 1.5126 1.73171.9799 1.34591.55801.8009 2.0789 1.3728 1.6047 1.8730 2.1829 1.4002 1.6528 1.9479 2.2920 1.4282 1.7024 2.0258 2.4066 1.4568 1.7535 2.1068 2.5270 1.4859 1.8061 2.1911 2.6533 6% 1.0600 1.1236 1.1910 1.2625 1.3382 1.4185 1.5036 1.5938 1.6895 1.7908 1.8983 2.0122 2.1329 2.2609 2.3966 2.5404 2.6928 2.8543 3.0256 3.2071 7% 1.0700 1.1449 1.2250 1.3108 1.4026 1.5007 1.6058 1.7182 1.8385 1.9672 2.1049 2.2522 2.4098 2.5785 2.7590 2.9522 3.1588 3.3799 3.6165 3.8697 8% 9% 1.0800 1.0900 1.1664 1.1881 1.2597 1.2950 1.3605 1.4116 1.4693 1.5386 1.5869 1.6771 1.7138 1.8280 1.85091.9926 1.9990 2.1719 2.1589 2.3674 2.3316 2.5804 2.5182 2.8127 2.7196 3.0658 2.9372 3.3417 3.1722 3.6425 3.4259 3.9703 3.7000 4.3276 3.9960 4.7171 4.3157 5.1417 4.6610 5.6044 10% 11% 12% 1.1000 1.1100 1.1200 1.2100 1.2321 1.2544 1.3310 1.36761.4049 1.4641 1.5181 1.5735 1.6105 1.68511.7623 1.7716 1.8704 1.9738 1.9487 2.0762 2.2107 2.1436 2.30452.4760 2.3579 2.5580 2.7731 2.5937 2.8394 3.1058 2.8531 3.1518 3.4785 3.1384 3.4985 3.8960 3.4523 3.8833 4.3635 3.7975 4.31044.8871 4.1772 4.7846 5.4736 5.3109 6.1304 5.0545 5.8951 6.8660 5.55996.5436 7.6900 6.1159 7.2633 8.6128 6.7275 8.06239.6463 13% 1.1300 1.2769 1.4429 1.6305 1.8424 2.0820 2.3526 2.6584 3.0040 3.3946 3.8359 4.3345 4.8980 5.5348 6.2543 7.0673 7.9861 9.0243 10.1974 11.5231 14% 15% 1.1400 1.1500 1.2996 1.3225 1.4815 1.5209 1.68901.7490 1.9254 2.0114 2.1950 2.1950 2.3131 2.5023 2.6600 2.8526 3.0590 3.2519 3.5179 3.7072 4.0456 4.2262 4.6524 4.81795.3503 5.4924 6.1528 6.2613 7.0757 7.13798.1371 8.1372 9.3576 9.2765 10.7613 10.5752 12.3755 12.0557 14.2318 13.7435 16.3665 16% 1.1600 1.3456 1.5609 1.8106 2.1003 2.4364 2.8262 3.2784 3.8030 4.4114 5.1173 5.9360 6.8858 7.9875 9.2655 10.7480 12.4677 14.4625 16.7765 19.4608 17% 1.1700 1.3689 1.6016 1.8739 2.1924 2.5652 3.0012 3.5115 4.1084 4.8068 5.6240 6.5801 7.6987 9.0075 10.5387 12.3303 14.4265 16.8790 19.7484 23.1056 14 15 2 16 17 18 19 20 Present Value Factor for a Single Future Amount (Interest rate = r, Number of periods = n) nir 1 1% 0.9901 0.9803 0.9706 0.9610 0.9515 0.9420 0.9327 0.9235 0.9143 0.9053 0.8963 0.8874 0.8787 0.8700 0.8613 0.8528 0.8444 0.8360 0.8277 0.8195 2% 13% 14% 5% 0.9804 0.9709 0.9615 0.9524 0.9612 0.9426 0.9246 0.9070 0.9423 0.9151 0.8890 0.8638 0.9238 0.8885 0.8548 0.8227 0.9057 0.8626 0.8219 0.7835 0.8880 0.8375 0.7903 0.7462 0.8706 0.8131 0.7599 0.7107 0.8535 0.7894 0.73070.6768 0.8368 0.7664 0.7026 0.6446 0.8203 0.7441 0.67560.6139 0.8043 0.7224 0.6496 0.5847 0.7885 0.7014 0.6246 0.5568 0.7730 0.6810 0.6006 0.5303 0.7579 0.6611 0.5775 0.5051 0.7430 0.64190.55530.4810 0.7284 0.6232 0.5339 0.4581 0.7142 0.6050 0.5134 0.4363 0.7002 0.5874 0.4936 0.4155 0.6864 0.5703 0.4746 0.3957 0.6730 0.5537 0.4564 0.3769 6% 0.9434 0.8900 0.8396 0.7921 0.7473 0.7050 0.6651 0.6274 0.5919 0.5584 0.5268 0.4970 0.4688 0.4423 0.4173 0.3936 0.3714 0.3503 0.3305 0.3118 7% 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 0.5820 0.5439 0.5083 0.4751 0.4440 0.4150 0.3878 0.3624 0.3387 0.3166 0.2959 0.2765 0.2584 8% 0.9259 0.8573 0.7938 0.7350 0.6806 0.6302 0.5835 0.5403 0.5002 0.4632 0.4289 0.3971 0.3677 0.3405 0.3152 0.2919 0.2919 0.2703 0.2502 0.2317 0.2145 9% 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.3262 0.2992 0.2745 0.2519 0.2311 0.2120 0.1945 0.1784 10% 11% 12% 13% 0.90910.90090.8929 0.8850 0.8264 0.8116 0.7972 0.7831 0.7513 0.7312 0.7118 0.6931 0.6830 0.6587 0.6355 0.6133 0.6209 0.59350.5674 0.5428 0.56450.5346 0.5066 0.4803 0.5132 0.4817 0.4523 0.4251 0.4665 0.43390.4039 0.3762 0.4241 0.39090.3606 0.3329 0.3855 0.35220.3220 0.2946 0.3505 0.31730.2875 0.2607 0.3186 0.28580.2567 0.2307 0.2897 0.2575 0.2292 0.2042 0.2633 0.2320 0.2046 0.1807 0.2394 0.20900.1827 0.1599 0.2176 0.1883 0.1631 0.1415 0.1978 0.1696 0.1456 0.1252 0.1799 0.1528 0.13000.1108 0.1635 0.1377 0.1161 0.0981 0.1486 0.1240 0.1037 0.0868 14% 15% 0.87720.8696 0.76950.7561 0.6750 0.6575 0.5921 0.5718 0.5194 0.4972 0.45560.4323 0.39960.3759 0.3506 0.3269 0.3075 0.2843 0.2697 0.2472 0.2366 0.2149 0.2076 0.1869 0.1821 0.1625 0.15970.1413 0.1401 0.1229 0.1229 0.1069 0.1078 0.0929 0.0946 0.0808 0.0829 0.0703 0.0728 0.0611 16% 0.8621 0.7432 0.6407 0.5523 0.4761 0.4104 0.3538 0.3050 0.2630 0.2267 0.1954 0.1685 0.1452 0.1252 0.1079 0.0930 0.0802 0.0691 0.0596 0.0514 17% 0.8547 0.7305 0.6244 0.5337 0.4561 0.3898 0.3332 0.2848 0.2434 0.2080 0.1778 0.1520 0.1299 0.1110 0.0949 0.0811 0.0693 0.0592 0.0506 0.0433 11 12 13 14 15 16 17 18 19 20 What is the present value of $620,000 to be paid in 10 years? The annual interest rate is 8%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) Present value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting International Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

6th Edition

978-0470623275

More Books

Students also viewed these Accounting questions