Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Laura Leasing Company signs an agreement on January 1, 2020, to lease equipment to Shamrock Company. The following information relates to this agreement. 1. The

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Laura Leasing Company signs an agreement on January 1, 2020, to lease equipment to Shamrock Company. The following information relates to this agreement. 1. The term of the non-cancelable lease is 3 years with no renewal option. The equipment has an estimated economic life of 5 years. 2. The fair value of the asset at January 1, 2020, is $59,000. 3. The asset will revert to the lessor at the end of the lease term, at which time the asset is expected to have a residual value of $4,000, none of which is guaranteed. 4. The agreement requires equal annual rental payments of $19,211 to the lessor, beginning on January 1, 2020. 5. The lessee's incremental borrowing rate is 5%. The lessor's implicit rate is 4% and is unknown to the lessee. 6. Shamrock uses the straight-line depreciation method for all equipment. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)\fTABLE 6.4 Present Value of an Ordinary Annuity of 1 90% 10%% 11% 12% 15% Periods 82593 .91743 90909 80080 09286 86957 1.78326 1.75911 1.73554 1.71252 1.89005 1.62571 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.31213 3.23972 3.16986 3.10245 3.03735 2.85490 3.98271 3.88965 3.78079 3.69580 3.60478 3.35218 4.62208 4.48582 4.35526 4.23054 4.11 141 3.78448 5.20637 5.03286 4.86842 4.71220 4.56376 4.16042 5.74684 6.53482 5.33493 5.14812 4.96764 4.48732 6.24689 5.98525 5.75902 5.63705 5.32825 4.77158 6.71008 6.41768 6.14457 5.88923 5.65022 5.01877 10 7-13896 6.80519 3.49506 6.20652 5.93770 5.23371 11 7.53608 7.16073 3.81369 6.49238 6.19437 5.42062 12 7.90378 7.48680 7.10336 6.74987 6.42355 5.68315 13 0.24424 7.78615 7.36869 6.98187 6.62817 5.72448 14 8.55948 B.08089 7.6080B 480612 6.81086 5.84737 15 8.85137 8.31256 7.82371 7.37916 6.97398 5.95424 16 9.12164 B.54363 8.02155 7.54879 7.11963 6.04716 17 9.37189 B.75563 8.20141 7.70162 7.24967 6.12797 18 9.60360 B.95012 8.36492 7.83929 7.36578 6.19823 19 9.81815 9.12856 8.51356 7.98323 7.46944 8.25933 10.01680 9.29224 8.64869 8.07507 7.56200 6.31248 21 10.20074 9.44243 8.77154 B.17574 7.64465 6.35868 22 10.37106 9.58021 8.88322 B.28643 7.71843 8.39884 23 HIIHAZA H BAHIA 10.67478 9.62258 9.07704 B.42174 7.84314 6.48415 25 10.80898 9.92897 9.16095 B.48808 7.89566 8.49058 26 10.93516 10.02658 9.23722 B.54780 7.94255 6.51353 27 11.05108 10.11613 9.30857 B.60162 7.98442 6.53351 28 11.15841 10.19828 9.36961 B.65011 8.02181 8.55080 29 11.25778 10.27365 9.42891 B.69379 8.06518 6.56598 30 11.34980 10.34280 9.47901 B.73315 8.08499 6.57911 31 11.43500 10.40624 9.52638 B.76860 8.11159 6.59053 32 11.51389 10.46444 9.56943 8.80054 8.13535 6.60046 33 11.58693 10.51784 9.60858 B.82932 8.15656 8.60910 34 11.65457 10.56682 9.64416 B.85624 8.17550 6.61681 35 11.71719 10.61176 9.67651 B.87859 8.19241 6.62314 38 11.77518 10.65289 9.70592 B.84963 8.20761 6.62882 37 11 82687 10.69082 9.73265 8.91859 8.22099 6.63375 38 11.87858 10.72552 9.75897 8.93567 8.23103 6.63805 39 11.92461 10.75736 9.77905 B.95105 8.24378 6.64178 40TABLE 6.5 Present Value of an Annuity Due of 1 PVF-AD, = 1+ Periods 49% 1.00000 1.00000 1.00000 1 00000 1.00000 1.00000 1.98038 1.97561 1.97087 1.96154 1.96238 1.94340 2.94156 2.92742 2.91347 2.08608 2.85941 2.83339 3.86388 3.85602 3.82861 3.77509 3.72325 3.67301 4.80773 4.76197 4.71710 4.62890 4.54595 4.46511 5.71346 5.64583 5.57971 5.45182 5.32948 5.21236 6.60143 6.50813 6.41719 6.24214 6.07589 5.91732 7.47199 7.34939 7.23028 7.00205 6.78637 6.58238 8.32548 8.17014 8.01969 7.73274 7.46321 7.20878 9.16224 8.97087 8.7681 1 8.43533 8.10782 7.80169 11 9.98259 9.75206 9.53020 9.11090 8.72173 8.36009 12 10.78685 10.51421 10.25262 9.76048 9.30641 8.08687 13 11.57534 11.25776 10.95400 10.38507 9.86325 9.38384 14 12.34837 11.98319 11.63496 10.98565 10.39357 9.85268 15 13.10825 12.68091 12.29807 11.56312 10.89834 10.29498 16 13.84926 13.38138 12.93794 12.11839 11.37986 10.71225 17 14.57771 14.05500 13.56110 12.65230 11.83777 11_10590 18 15.29187 14.71220 14.16812 13.16567 12.27407 11.47726 19 15.98203 15.35336 14.75351 13.65830 12.68959 11 82760 20 16.67846 15.97869 15.32380 14.13394 13.08532 12.15812 21 17.35143 16.58916 15.87747 14.59033 13.46221 12.46992 22 18.01121 17.18455 16.41502 15.02916 13.82115 12.76408 23 18.65805 17.76541 16.93692 15.451 12 14.16300 13.04158 24 19.28220 18.33211 17.44361 15.85684 14.48857 13.30338 25 19.91393 18.88498 17.93554 16.24696 14.79864 13.55036 26 20.52346 19.42438 18.41315 16.62208 15.09394 13.78336 27 21.12104 19.95061 18.87684 16.98277 15.37519 14.00317 28 21.70690 20.46401 19.32703 17.32959 15.64303 14.21053 29 22.28127 20.96489 19.76411 17.86306 15.89813 14.40616 30 22.84438 21.45355 20.18045 17.98371 16.14107 14.59072 31 23.39846 21.93029 20.60044 18.29203 16.37245 14.76483 32 23.93770 22.38541 21.00043 18.58849 16.58281 14.92809 33 24.46833 22.84918 21.38877 18.87355 16.80268 15.08404 34 24.98056 23.29188 21.76579 19.14765 17.00255 15.23023 35 26.49859 23.72379 22.13184 19.41 120 17.19290 15.36814 36 25.99862 24.14516 22.48722 19.86461 17.37419 15.49825 37 26.48884 24.55625 22.83225 19.90828 17.54685 15.62099 38 26.96945 24.95732 23.16724 20.14258 17.71129 15.73678 38 27.44064 25.34860 23.49246 20.36706 17.86789 15.84602 40 27.90259 25.73034 23.80822 20.58448 18.01704 15.94907TABLE 6.5 Present Value of an Annuity Due of 1 in] 11% 12% 15%% Periods 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.92593 1.91743 1.90909 1.80090 1.89286 1.86857 2.78326 2.75911 2.73554 2.71252 2.68005 2.62571 3.57710 3.53130 3.48685 3.44371 3.40183 3.28323 4.31213 4.16966 4.10245 4.03735 3.85498 4.98271 4.88965 4.79079 4.69580 4.60478 4.35218 5.62288 5.48592 5.35526 5.23054 5.11141 4.78448 6.20837 6.03295 5.86842 5.71220 5.56376 5.16042 6.74864 6.53482 6.33493 6.14612 5.96764 5.48732 9 7.24889 6.99525 6.75802 6.53705 6.32825 5.77158 10 7.71008 7.41768 7.14457 6.88923 6.65022 6.01877 11 8.13096 7.80519 7.49506 7.20652 6.93770 8.23371 12 8.53808 8.16073 7.81369 7.49238 7.19437 6.42082 13 8.90378 8.48890 8.10336 7.74987 7.42355 8.58315 14 9.24424 8.78615 8.36869 7.98187 7.62817 6.72448 15 9.55948 9.06069 8.8060B B.19087 7.81086 6.84737 16 9.85137 9.31256 8.82371 8.17916 7.97398 6.95424 17 10.12164 9.54363 9.02165 B.54879 8.11963 7 04716 18 10.37189 9.75563 9.20141 B.70162 8.24967 7.12797 19 10.60360 9.95012 9.36492 B.83929 8.36578 7-19823 20 10.81815 10 12855 9.51356 8.98313 8.46944 7.25933 21 11.01680 10.29224 9.64869 9.07507 8.56200 7.31248 22 11.20074 10.44243 9.77154 9.17574 3.64465 7.35868 23 11.37106. 10.58021 9.88322 9.28643 8.71843 7.39884 24 11.52876 10.70861 9.98474 9.34814 8.78432 7.43377 25 11.67478 10.82258 10.07704 9.42174 8.84314 7.46415 26 11.80998 10.92897 10.16095 9.48806 8.89566 7.49056 27 11.93518 1 1 02658 10.23722 9.54780 8.94265 7.51353 28 12.05108 11.11613 10.30667 9.60162 8.98442 7.53351 29 12.15841 11.19828 10.36961 9.65011 9.02181 7.55008 30 12.25778 11.27365 10.42691 9.69379 9.06518 7.56598 31 12.34980 11.34280 10.47901 9.73315 9.08499 7.57911 32 12.43500 11.40824 10.52638 9.76860 9.11159 7.59053 33 12.51389 11.46444 10.56943 9.80054 9.13535 7.80048 34 12.50683 11.51784 10.60856 9.62932 9.15656 7.60910 35 12.65457 11.56682 10.64416 9.85524 9.17550 7.61681 36 12.71719 11.61176 10.67651 9.87859 9.19241 7.62314 37 12.77518 11.85299 10.70592 9.69963 9.20751 7.62802 38 12 02887 11.89082 10.73265 9.81859 9.22099 7.63375 39 12.87858 11.72552 10.75697 9.83567 9.23303 7.83805 40(a) Prepare an amortization schedule that would be suitable for the lessee for the lease term. (Round answers to O decimal places, e g. 5.265.) SHAMROCK COMPANY (Lessee) Lease Amortization Schedule Annual Lease Interest on Reduction of Lease Date Payment Liability Liability Leas 1/1/20 5 1/1/20 1/1/21 1/1/22 SLease Lease LiabilityTABLE 6.1 Future Value of 1 (Future Value of a Single Sum) FVF. = (1 + 1)" Periods 5% 1.02000 1.02500 1.03000 1.04000 1.05000 1.06000 1.04040 1.05083 1.08080 1.08160 1.10250 1.12380 1.06121 1.07689 1.09273 1.12486 1.15763 1.19102 1.08243 1.10381 1.12551 1.16986 1.21551 1.26248 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1.12816 1.15989 1.19405 1.26532 1.34010 1.41852 1.14869 1.18689 1.22987 1.31593 1.40710 1.50363 1.17166 1.21840 1.28677 1.36857 1.47746 1.59385 1.19509 1.24886 1.30477 1.42331 1.55133 1.68948 1.21899 1.28008 1.34392 1.48024 1.62889 1.79085 11 1.24337 1.31209 1.38423 1.53945 1.71034 1.89830 12 1.26824 1.34489 1.42576 1.60103 1.79586 2.01220 13 1.28361 1.37851 1.46853 1.66507 1.88565 2.13293 14 1.31948 1.41297 1.51259 1.73168 1.97893 2.26090 15 1.34587 1.44830 1.55797 1.80094 2.07893 2.39656 16 1.37279 1.48451 1.60471 1.87298 2.18287 2.54035 17 1.40024 1.52162 1.65285 1.84790 2.29202 2.69277 18 1.42825 1.55986 1.70243 2.02582 2.40682 2.85434 19 1.45681 1.59085 1.75351 2.10385 2.52695 3.02560 20 1.48595 1.63862 1.80611 2.19112 2.65330 3.20714 21 1.51567 1.67958 1.86029 2.27877 2.78596 3.39856 22 1.54508 1.72157 1.91610 2.36992 2.92526 3.80354 23 1.57690 1.76461 1.97359 2.46472 3.07152 3.81975 24 1.60844 1.80873 2.03279 2.56330 3.22510 4.04893 25 1.64061 1.85394 2.09378 2.66584 3.38635 4.29187 1.67342 1.90029 2.15659 2.77247 3.55567 4.54938 27 1.70889 1.94780 2.22129 2.88337 3.73346 4.82235 28 1.74102 1.99650 2.28793 2.98070 3.92013 5.11169 29 1.77584 2.04641 2.35657 3.11865 4.11614 5.41839 30 1.81136 2.09757 2.42728 3.24340 4.32194 5.74349 31 1.84759 2.15001 2.50008 3.37313 4.53804 6.08810 32 1.88454 2.20376 2.57508 3.50806 4.76494 6.45339 33 1.92223 2.25805 2.65234 3.64838 5.00319 6.84059 34 1.96068 2.31532 2.73191 3.79432 5.26335 7.25103 35 68656'L 2.37321 2.81368 3.94809 5.51602 7.68609 36 686COZ 2.43254 4.10393 5.79182 8.14725 37 2.08068 2.49335 2.98523 4.26809 6.08141 8.63609 38 2.12230 2.55568 3.07478 4.43881 6.38548 9.15425 39 2.16474 2.61857 3.16703 4.61637 8.70475 9.70351 40 2.20804 2.68506 3.26204 4.80102 7.03999 10.26572TABLE 6.1 Future Value of 1 9%% 10% 11% 12% 15% Periods 1.08000 1.08000 1.10000 1.11000 1.12000 1.15000 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 1.25971 1.29503 1.33100 1.36763 1.40493 1.52068 1.36049 1.41158 1.46410 1.61807 1.57352 1.74901 1.46933 1.53862 1.61051 1.68506 1.76234 2.01136 1.58687 1.67710 1.77156 1.87041 1.97382 2.31306 1.71382 1.82804 1.94872 2.07616 2.21068 2.66002 1.85093 89768 1 2.14359 2.30454 2.47598 3.05902 1.98900 2.17189 2.35795 2.55803 2.77308 3.51788 2.15892 2.36736 2.59374 2.83942 3.10585 4.04556 10 2.33164 2.58043 2.85312 3.15176 3.47855 4.65239 11 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 12 2.71962 3.08581 3.45227 3.88328 4.38349 6.15279 13 2.83719 3.34173 3.79750 4.31044 4.83711 7.07571 14 3.17217 3.64248 4.17725 4.78459 5.47357 8.13706 15 3.42594 3.97031 4.59497 5.31089 6.13039 9.35782 16 3.70002 4.32763 5.05447 5.89508 6.88604 10.76126 17 3.98602 4.71712 5.55992 6.54355 7.68997 12.37545 18 4.31570 5.14168 6.11591 7.26334 8.61276 14.23177 19 4.68096 5.60441 6.72750 8.06231 9.64629 16.36854 20 5.08383 6.10881 7.40025 8.94917 10.80385 18.82152 21 5.43854 6.65860 8.14028 9.93357 12.10031 21.64475 22 5.87146 7.25787 8.95430 11.02627 13.55235 24.89146 23 6.34118 7.81108 9.84973 12.23916 15.17863 28.62518 24 6.84847 B.62308 10.83471 13.58546 17.00000 32.91895 25 7.39835 8.39918 11.91818 15.07986 18.04007 37.85680 26 7.98:806 10.24508 13.10999 18.73865 21.32480 43.53532 27 8.62711 11.16714 14.42099 18.57990 23.88387 50.06561 28 9.31727 12.17218 15.86309 20.62369 26.74983 57.57545 29 10.06266 13.26768 17.44840 22.88230 29.95982 68.21177 30 10.86787 14.46177 19.19434 25.41045 33.55511 76.14354 31 11.73708 15.76333 21.11378 28.20560 37.58173 87.56507 32 12.67606 17.18203 23.22515 31.30821 42.09153 100.68983 13.69013 18.72841 25.54767 34.75212 47.14252 115.80480 34 14.78534 20.41397 28.10244 38.57485 52.79962 133.17552 35 15.96817 22.25123 30.91268 42.81808 59.13557 153.15185 17.24563 24.25384 34.00395 47.52807 66.23184 176.12463 37 18.62528 26.43660 37.40434 52.75616 74.17986 202.54332 30 20.11530 28.81598 41.14479 58.55934 83.08122 232.92482 39 21.72452 31.40942 45.25926 65.00087 93.05097 267.86355 40TABLE 6.2 Present Value of 1 (Present Value of a Single Sum) PVFi = 71 + 10 7=(1+) Periods 29% 3% 496 59% 89% 80039 97561 97087 96154 95238 94340 86117 .95181 94260 92456 90703 89000 .94232 92860 91514 88900 86384 83982 92385 .90595 .86849 85480 .82270 -79209 80573 .88385 .86261 82193 78353 74726 .68797 .86230 83748 .79031 .74822 -70496 .87056 .84127 .81309 .75992 .71068 86506 .85349 .82075 .78941 73068 67684 62741 83678 .80073 .76842 70259 64461 59190 82035 .78120 .74409 67556 .61391 55839 11 80428 .76214 72242 64958 58468 52679 78849 .74358 .70138 62460 55684 .49697 .77303 72542 .68095 60057 .53032 46864 14 .75788 .70773 .661 12 57748 50507 44230 15 .74301 .68047 .64186 .55526 48102 41727 16 .72845 .67362 62317 .53391 45811 39365 17 .71416 .65720 60502 51337 43630 37136 18 70016 .64117 58739 49363 41552 35034 19 .68643 .62653 .57029 47464 39573 33061 20 .67297 61027 .55368 45639 .37689 .31 180 21 65978 .59539 .53765 .43883 35894 29416 22 64684 58088 .52189 42196 34185 .27751 23 63416 .56870 .50869 .40573 .32557 26180 24 .62172 .55288 .49193 38012 31007 24698 25 .60953 53939 47761 37512 29530 23300 26 .59758 .52623 46369 .36069 .28124 21981 27 51588 .61340 45019 34882 26785 20737 28 .57437 .50080 43708 31348 .25509 19563 29 56311 48868 42435 32065 24295 18456 30 55207 .47674 .41189 .30832 .23138 -17411 31 .54125 46511 38999 29846 22036 16425 32 .53063 45377 .38834 28506 20987 -15496 33 .52023 .44270 37703 27409 18987 14619 34 51003 .43191 36804 26355 19035 -13791 35 .50003 42137 35538 .25342 18129 -13011 36 49022 41109 34503 24367 17268 .12274 37 .48061 .40107 .33488 23430 .16444 -11578 38 47119 39128 32523 22528 .15861 10924 39 .46195 .38174 .31575 .21862 .14915 -10306 40 -45289 .37243 .30656 .20829 .14205 09722TABLE 6.2 Present Value of 1 9%% 109% 1 1 9% 129% 15% Periods 91743 90809 .BOD90 89286 E8957 .85734 84168 82845 .81162 .79719 .75614 .79383 77218 .75132 73119 .71178 .65752 73501 70843 68301 -65873 63552 57175 68058 82092 59345 .56743 .49718 63017 59627 56447 53484 50683 4:3233 58348 54703 51316 48168 .45235 37594 .54027 50187 46651 43393 .40388 .32690 .50025 46043 42410 26060 36081 28428 46319 42241 38654 .35218 .32197 24719 10 .42880 38753 35049 31728 28748 21494 11 .39711 35554 .31883 28504 .25668 .18691 12 .36770 32618 28986 25751 22917 16253 13 .34046 28925 26133 23199 20462 .14133 14 .31524 27454 23839 .20800 .18270 .12289 15 .29189 25187 21763 18829 16312 10687 16 .27027 23107 19785 16983 14584 17 .25025 21198 .17906 -15282 -13004 .08081 18 .23171 -18449 16351 13768 -11611 07027 19 .21455 .17843 14864 12403 .10367 08110 19066 .16370 13513 .11174 09256 05313 21 .18394 15018 12285 -10087 08284 D4620 22 .17032 .13778 -11168 109089 07379 .04017 23 .15770 12841 -10153 08170 06508 .03493 24 .14802 .11597 -09230 07361 05682 .03038 25 13520 10839 08391 06831 06252 02642 28 .12519 09761 07628 05974 04689 02297 27 .11591 08955 19690 05382 204187 01997 28 .10733 08216 06304 04849 03738 01737 29 09938 07537 05731 104386 03338 .01510 30 09202 06915 06210 03835 02980 01313 31 108520 06344 04738 03545 02661 .01142 32 07889 05820 04306 03194 02376 .00983 33 07305 05340 03914 02878 102121 .00864 34 .06763 04899 03558 02592 .01894 00751 35 06262 04494 03235 02335 .01691 .00653 36 05708 04123 02041 02104 .01510 .00568 37 05369 03783 02674 01896 01348 00494 38 04971 03470 02430 101708 .01204 .00429 04803 -03184 02210 .01538 .01075 .00373 40TABLE 6.3 Future Value of an Ordinary Annuity of 1 FVF-DAY _ TO" - 1 Periods 20% 494 59% 1.00000 1.0000 0 1.00000 1.00000 1.00000 1.00000 2.02000 2.02500 2.03000 2.04000 2.05000 2.06000 3.06040 3.07563 3.09090 3.12160 3.15260 3.18380 4.12161 4.15252 4.18363 4.24646 4.31013 4.37462 5.20404 5.25613 5.30914 5.41632 5.52563 5.63709 6.30812 6.38774 6.46841 6.63298 6.80191 6.97532 7.43428 7.54743 7.66246 7.89829 8.14201 8.39384 46285 0 8.73812 8.89234 9.21423 9.54911 9.89747 9.75463 9.95452 10.15911 10.58280 11.02656 11.49132 10 10.94972 11.20328 11.46338 12.00811 12.57789 13.18079 11 12.16872 12.48347 12 80780 13.48635 14.20679 14.97184 12 13.41209 13.79565 14.19203 15.02581 15.91713 16.86894 13 14.68033 15.14044 15.61779 16.62684 17.71298 18.88214 14 15.97394 18.51895 17.08632 18.29191 19.59863 21.01507 15 17.29342 17.93193 18.59891 20.02359 21.57856 23.27597 16 18.63929 19.38022 20.15688 21.82453 23.65749 25.67253 17 20.01207 20.86473 21.76159 23.69751 25.84037 28.21208 18 21.41231 22.38635 23.41444 25.64541 28.13238 30.90565 19 22.84056 23.94601 25.11687 27.67123 30.53900 33.75899 20 24.29737 25.54468 26.87 037 29.77808 23.06595 36.78559 21 25.78132 27.18327 28.67649 31.96920 35.71925 39.98273 22 27.28898 28.86286 30.53678 34.24797 38.50521 43.39229 23 28.84496 30.58443 32.45288 36.61789 41.43048 46.99583 24 30.42186 32.34904 34.42647 39.08260 44.50200 50.81558 26 32.03030 34.15778 35.45926 41.64591 47.72710 54.86451 26 33.67091 36.01171 38.55304 44.31174 51.11345 59.15638 27 35.34432 37.91200 40.70983 47.08421 54.66913 63.70577 28 37.05121 39.85980 42.93092 49.96750 58.40256 68 52611 29 38.78223 41.85630 45.21885 52.96829 62.32271 73.83980 30 40.56808 43.90270 47.57542 56.08494 68.43885 79.05819 31 42.37944 46.00027 50.00268 59.32834 70.76079 84.80168 32 44.22703 48.15028 62.50276 62.70147 75.29083 90.08978 33 46.11157 50.35403 65.07784 86.20953 80.06377 97.34316 34 48.03380 52.61289 57.73018 69.85791 85.06896 104.18376 35 49 99448 54.92821 80.46208 73.65222 80.32031 111.43478 36 51.99437 57.30141 63.27594 77.59831 95.83632 119.12087 37 54.03425 59.73395 83.17422 81.70225 101.62814 127.26812 38 56.11494 82.22730 69.15945 85.97034 107.70965 135.90421 39 58.23724 84.76280 72.23423 90.40915 114.09502 145.05846 40 60.40198 67.40255 75.40126 95.02552 120.79977 154.76197TABLE 6.3 Future Value of an Ordinary Annuity of 1 10% 11% 12%% 1594 Periods 1.00000 1.00DO0 1.00000 1.00000 1.00000 1.00000 2.08000 2.09000 2.10000 2.11000 2.12000 2.15000 3.24640 3.27810 3.31000 3.34210 3.37440 3.47250 4.5081 1 4.57313 4.64100 4.70973 4.77833 4.99138 5.86860 5.98471 6.10510 6.22780 6.35285 8.74238 7.33592 7.52334 7.71561 7.91286 8.11519 8.75374 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 10.63863 11.02847 11.43589 11.85943 12.29989 13.72682 12.48756 13.02104 13.57948 14.16397 14.77566 16.78584 14.40856 15.19293 15.93743 16.72201 17.54874 20.30372 10 16.64549 17.56029 18.53117 19.56143 20.85458 24.34828 11 18.97713 20.14072 21.38428 22.71319 24.13313 29.00167 12 21.48530 22.95139 24.52271 26.21164 28.02911 34.35192 13 24.21492 26.01919 27.97480 30.08492 32.39260 40.50471 14 27.15211 31.77248 34.40536 37.27972 47.58041 15 30.32428 33.00340 35.94973 39.18995 42.75328 65.71747 16 34.75023 34.97371 40.54470 44.50084 48.48347 85.07808 I7 37.45024 41.30134 45.59917 50.38593 55.74972 75.83636 18 41.44626 46.01846 61.15909 56.93949 63.43868 80.21181 19 45.76196 51.16012 67.27500 84.20283 72.05244 102.44358 50.17202 56.76153 61.00250 72.26514 61.60674 118.01012 21 55.45676 62.87334 71.40275 81.21431 82.50258 137.63164 60.89330 69.53194 79.54302 104.60289 159.27638 23 86.76476 76.78901 88.49713 102.17415 118.15524 184.16784 24 73.10594 84.70090 98.34708 114.41331 133.33387 212.79302 25 79.95442 83.32398 109.18177 127.98877 150.33193 245.71197 28 87.35077 102.72314 121.09994 143.07864 169.37401 283.56877 27 95.33863 112.96822 134.20994 159.81729 180.89889 327-10408 28 103.96594 124.13536 148.63093 178.39719 214.58275 377-16969 29 113.28321 136.30754 164.49402 #1020 661 241.33268 434.74515 30 123.34587 148.57522 181.94343 221.91317 271.29261 500.95692 31 134.21354 164.03699 201.13777 247.32362 304.84772 577.10046 32 145.95062 179.80032 222.25154 275.52922 342.42945 644.86553 33 158.62867 198.98234 245.47670 306.83744 384.52098 765.36535 34 172.31680 215.71076 271.02437 341.68955 431.86350 881.17016 35 187.10215 236.12472 298.12681 380.16441 484.46312 1014.34568 3.8 203.07032 256.37595 340.03949 422.80249 543.59808 [107.48753 220.31585 282.62878 364.04343 470.61056 609.83053 1343.62216 269.05052 3/ 08245 442.69250 16/09142 4U

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

The Environmental Audit And Business Strategy Financial Times

Authors: Grant Ledgerwood

1st Edition

0273038508, 978-0273038504

More Books

Students also viewed these Accounting questions

Question

Why are marketing analytics so important in the age of big data?

Answered: 1 week ago