Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all the question thankyou Patricio wants to invest a sum of money today that will yield $25.000 at the end of 6 years.

please answer all the question thankyou image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Patricio wants to invest a sum of money today that will yield $25.000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? (PV of 51. FV of $1. PVA of 51, and FVA 051) (Une appropriate factors) from the tables provided) Multiple Choice $17.625 $23,500 $15.000 $22.015 $20.765 Cody invests $3,200 per year from his summer wages at a 4% annual Interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation? Multiple Choice $13,844.48 $13,312.00 $12,288.00 $12.800.00 $13,588.80 Jessica received a gift of S6,600 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annunty What will the value of Jessica's investment be at the end of 5 years? (PV of S1 EVO SL PVA of 5), and FVA E51) (Use appropriate factory from the tables provided.) Multiple Choice $9.900,00 $7.260.00 $10,750,24 $8.250.00 $9,240.00 Russell Company has acquired a building with a loan that requires payments of $27.000 every six months for 4 years. The annual interest rate on the loan is 10% What is the present value of the building? (PV of 51. V of 1. PVA of S1, and FVA Of S1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $174,506 $85,587 $216.000 $140,308 $113,894 An individual is planning to set-up an education fund for her daughter. She plans to invest $7.200 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8% What will be the total value of the fund at the end of 9 years? (PV of $1. EV. of $1. PVA Of $1. and EVA of $1] (Use appropriate factor(s) from the tables provided.) Multiple Choice $89,910.72 $69,98400 $51,840.00 $129,600.00 $46.933.92

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 Investigation And Forensic Accounting

Authors: George A Manning

3rd Edition

0367864347, 9780367864347

More Books

Students also viewed these Accounting questions

Question

Do you think the banquet is a ritual? Why or why not?

Answered: 1 week ago

Question

How can speakers enhance their credibility?

Answered: 1 week ago