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Mike Derr Company expects to earn 12% per year on an investment that will pay $596,000 six years from now. (PV of $1,FV of $1,PVA
Mike Derr Company expects to earn 12% per year on an investment that will pay $596,000 six years from now. (PV of $1,FV of $1,PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Tom Thompson expects to invest $12,000 at 6% and, at the end of a certain period, receive $34,252. How many years will it be before Thompson receives the payment? (PV of $1, FV of $1, PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Bill Padley expects to invest $10,000 for 5 years, after which he wants to receive $10,510.00. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Mark Welsch deposits $7,800 in an account that earns interest at an annual rate of 4%, compounded quarterly. The $7,800 plus earned interest must remain in the account 3 years before it can be withdrawn.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? ( PV of $1, FV of $1, PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Spiller Corporation plans to issue 10%,6-year, $530,000 par value bonds payable that pay interest semiannually on June 30 and December 31 . The bonds are dated January 1 of the current year and are issued on that date. (PV of $1,FV of $1, PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue
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