Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

- Part 1 of 2 oints: 0 O2 Calculate the present value of the following amounts: 1. $9,000 at the end of five years at

image text in transcribed
image text in transcribed
image text in transcribed
- Part 1 of 2 oints: 0 O2 Calculate the present value of the following amounts: 1. $9,000 at the end of five years at 8% 2. $9,000 at the end of each year for the next five years at 8% (lf using present value tables use factor amounts rounded to three decimal places, XXXX. Round your final answers to the nearest whole dollar) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table) 1. The present value of 59.000 at the end of five years at 8% is Present value of $1 Present Value of $1 7% 8% Periods 4% 5% 6% 10% 12% 14% 16% Period 1 0.962 Period 2 0.925 Period 3 0.889 Period 4 0.855 Period 5 0.822 Period 6 0.790 Period 7 0.760 Period 8 0.731 Period 9 0.703 Period 100.676 Period 110.650 Period 12 0.625 Period 13 0.601 Period 14 0.577 Period 150.555 Period 16 0.534 Period 170.513 Period 18 0.494 Period 19 0.475 Period 20 0.456 0.952 0.907 0.864 0.823 0.784 0.746 0.711 0.677 0.645 0.614 0.585 0.557 0.530 0.505 0.481 0.458 0.436 0.416 0.396 0.377 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.935 0.873 0.816 0.763 0.713 0.666 0.623 0.582 0.544 0.508 0.475 0.444 0.415 0.388 0.362 0.339 0.317 0.296 0.277 0.258 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 0.500 0.463 0.429 0.397 0.368 0.340 0.315 0.292 0.270 0.250 0.232 0.215 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0,467 0.424 0.386 0.350 0.319 0.290 0.263 0.239 0.218 0.198 0.180 0.164 0.149 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.287 0.257 0.229 0.205 0.183 0.163 0.146 0.130 0.116 0.104 0.877 0.769 0.675 0.592 0.519 0,456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.862 0.743 0.641 0.552 0.476 0.410 0.354 0.305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 Present value of annuity of $1 Present Value of Ordinary Annuity of $1 6% 7% 8% 10% 12% 16% 14% Periods 5% 4% Period 1 0.962 0.952 Period 2 1.886 1.859 Period 3 2.775 2.723 Period 4 3.630 3.546 Period 5 4.452 4.329 Period 6 5.242 5.076 Period 7 6.002 5.786 Period 8 6.733 6.463 Period 9 7.435 7.108 Period 10 8.111 7.722 Period 118.760 8.306 Period 12 9.385 8.863 Period 139.986 9.394 Period 14 10.563 9.899 Period 15 11.118 10.380 Period 16 11.652 10.838 Period 17 12.166 11.274 Period 18 12.659 11.690 Period 19 13.134 12.085 Period 20 13.590 12.462 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 6.802 7.360 7.887 8.384 8.853 9.295 9.712 10.106 10.477 10.828 11.158 11.470 0.935 1.808 2.624 3.387 4.100 4.767 5.389 5.971 6.515 7,024 7.499 7.943 8.358 8.745 9.108 9.447 9.763 10.059 10.336 10.594 0.926 1.783 2.577 3.312 3.993 4.623 5.206 5.747 6.247 6.710 7.139 7.536 7.904 8.244 8.559 8.851 9.122 9.372 9.604 9.818 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 6.495 6.814 7.103 7.367 7.606 7824 8.022 8.201 8.365 8.514 0.893 1.690 2.402 3.037 3.605 4.111 4.564 4.968 5.328 5,650 5.938 6.194 6.424 6.628 6.811 6.974 7.120 7.250 7.366 7.469 0.877 1.647 2.322 2.914 3.433 3.889 4.288 4.639 4.946 5.216 5.453 5,660 5.842 6.002 6.142 6.265 6.373 6.467 6.550 6.623 0.862 1.605 2.246 2.798 13.274 3.685 4.039 4.344 4.607 4.833 5.029 5.197 5.342 5.468 5.575 5.668 5.749 5.818 5.877 5.929

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Mathematical Applications for the Management Life and Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

11th edition

978-1305108042

Students also viewed these Accounting questions