Note: let the question be answered step by step so i can know how the calculation is done. thank you.

QUESTIONS

nine years from now. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$

decimal places.

Compute the present value of this investment.

On January $1,$ a company agrees to pay $$17,000$ in ten years. If the annual interest rate is $1\%,$

determine how much cash the company can borrow with this agreement. $($PV of $$1,$ FV of

$$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$

decimal places.

Tom Thompson expects to invest $$10,000$ at $12\%$ and, at the end of certain period, receive

$$34,785.$ How many years will it be before Thompson receives the payment? $($PV of $$1,$ FV

of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$

decimal places.

Bill Padley expects to invest $$11,000$ for $11$ years, after which he wants to receive $$13,677\mathrm{.}40.$

What rate of interest must Padley earn? $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$

decimal places.

Mark Welsch deposits $$6,200$ in an account that earns interest an annual rate of $4\%,$

compounded quarterly. The $$6,200$ 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years before it can be withdrawn.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)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$

decimal places.

Spiller Corporation plans to issue $10\%,6-$year, $$540,000$ 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)$

Note: 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?