please complete all 3 required parts to the question.

Problem 5-6 (Algo) Solving for unknowns (L05-3,5-9) The following situations should be considered independently. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $63,968 for a down payment on a small business. He will invest $32,000 today in a bank account paying 8% interest compounded annually. Approximately how long will it take John to reach his goal? 2. The Jasmine Tea Company purchased merchandise from a supplier for $32,802. Payment was a noninterest-bearing note requiring Jasmine to make five annual payments of $8,000 beginning one year from the date of purchase. What is the interest rate implicit in this agreement? 3. Sam Robinson borrowed $14,000 from a friend and promised to pay the loan in 12 equal annual installments beginning one year from the date of the loan. Sam's friend would like to be reimbursed for the time value of money at a 9% annual rate. What is the annual payment Sam must make to pay back his friend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 John Jamison wants to accumulate $63,968 for a down payment on a small business. He will invest $32,000 today in a bank account paying 8% interest compounded annually. Approximately how long will it take John to reach his goal? (Do not round intermediate calculations. Round the value of "n" to the nearest whole number.) Present Value: Future Value 1 ( Required 1 Required 2 > TABLE 1 Future Value of $1 FV 5111 20.046 1.5% 20% 255 3.0 10 401 45 50 55 6044 2045 0 9 046 10.046 11.096 122046 1 101000 101500 1.02000 102500 103000 10300 104000 104500 105000 10500 106000 107000 10000 100000 10000 11000 112000 2 102010 1010 101040 10500 100090 107123 108160109011000 11130311236011-4490 16640 118810121000123210 1.25440 3 103030 104568 1.0012110109 09273 110872 1126 14117 15763 1174241910212501 2597129503133100 136763140193 4 104060 1061 106 1101112551 1752 11986 1925221551 2016 1 310 141151454101 S1307 1.57152 5105101 TOTS 1104081131415927 116 121665 1146131228130606 111 140255 146933 SIM261651 1656 176714 120000 144000 17200 207350 24832 2.98593 3.58318 6 1.06152 1.0934 112616 115969 19405 1.21926 126532 1.10226 134010 1.3764 141852150073 151687 167710 177156187041 1.97382 7 107214 110984 114869113109172927127228131593 1.36086 140710 145468 50163160578171382 08041948722.07616 221008 169 170 180 16677131681 16857 102101414 15149150151718192093 125210359 230454 24596 910919114919509 110477 01711 160 155133161909 1 14 1 217189235795255804 10.10462160541210091 1 1412 14100 14804155201620970514 S198715 215893236736259324 283942310585 5 15929 61914 74100 11 111567 1.17795 124337 131209 1.35423 1.45997 153945 1.6228517104 110209 1980 2.10185233164 2.58013 285312 3.15176 3.47855 12 1136111956912682413419143576 151107 110101 095887956 1.90121201220 225219251817 281266 313 34945 3999 1 1.13309 1.21355 129361 13751 146853 15696 1667 1.77220 1852.00577213292.40 2.7142306580345227 3 28 3639 14 1111 11111131141151259 1 619 1.73168155194 1993 211609226090257853 293719334123 3797503104 15 116097135033 134557 14000 155797 167535 10094 19352820793223245 2 56 27590331721736418 417725 478659 547357 91610 1069933 121915 15.40702 16 117258 1.2004 137279 148451 160471 1.73999 137296 2.02237 218237 235526 2.54035295216 3.43594 397031 459497 5.31089613019 184883 11 11543018302 1.40024 152162 165285 L79408 170 2.11338 2.29202 24548026927315822 3.70002437763 50547 52950966604 221551 15119515 130714142805 155 70943 1851 208502220545240662262147 2854343379933.990027712555992654355 7697 366133 19 120811 1.33095 1.45681 159865 1.75351 192250 2.10685230786 2.52095 2.78565303560 3.61653 431570514166 611591 7361446127639400 20122019 134656 1.43595 163842 1.80611 19199219112 241171205310291776 20714 4 06 601 6.7275006231 9.61629333760 2112323936706151567 167958116029 20591277877253034 2 0 73 156 03163 61033740035 1917 10 30135600512 35 1204 1445095 1540611520937264 265 000 7 418 68 10 151700006 301.347 15635151136209757242726 20679340374532433194 5 761226 1006366 1336765174194022923029.95992237.37631 # 148886 18142 2.2004 2.66506376204 395026430102 5.81636 70909 851331 10.2872 14.974462172452 3140942 4525936 65.0008793.0509 10977160 TABLE 2 Present Value of $1 PVS p = 0 1.04 1.5 20% 2.5% 3.04% 3.54 404 4.54 5.0% 5.54 0.0% 70% .64 0.05 0.0% 1104 12.0% 20.0% 1 0.99010 0.98522098039 097561 097087 096615 096154 095094 0.95238 094787 094340 0.93458 0.92593 0.91743 090909090090 089286 0.83333 2 098030 0.97066 096117 095181 09260 093351 0.92456 09157 0.90703 07045 089000 0.87344 085734 0.84168 082645 081162 0.79719 0.60444 3 097059 095632 094232 0921600.91514 0.90194 080100 0.37630 0.86334 085161 033962 081630 0.79383 0.77218 0.75131 073119 071178 0.57870 4 0.96056 094311 092385 090595 0.55 0.87144 0.35450033856 082270 0.50722 079209 0.76290 0.750 0.70543 068301 065873 063552 0.48225 5 0.95147 0.92836 090573 033350.16261 034197 0.82193 0.80245 0.78353 076513 0.74726 0.71299 061058 0.64993 062092 0.59345 0.5670 040155 6 0.94205 0.91454 0.88797 0.86330 0.83745 0.81350 0.79031 0.76790 0.74622 0.72525 0.70096 0.66634 0.63017 .59527 0.56447 0.33454 0.50663 0.33490 7 093272 0.90103 0.87056 084127 0.81309 0.78599 0.75992 073483 0.71068 0.68744 066506 0.62275 0 58349 0.54703 051316 045166 0.45235 0.27908 309248 030271 085349 092075 078941 0.75941 079 070319 0.67634065160 062741058201054027 050187 046651 0 43393 0.40383 023357 9 0.91434 0.87459 081676 080073 0.76642 0.73373 0.70359 067290 0.6461 06176) 059190 0.54393 050025 0.46043 042410 0.19092 0.36061 0.19381 10 0.905 0.36167 0.52035 0.78120 0.7409 070892 0.67556 054393 0.61391 0.58543 0.55839 0.50835 0.46319 0.42341 038554 0.35218 032197 0.16151 11 0.89632 0.84893 0.80426 0.76214 0.72342 065495 0.64958 0.61600.55468 0.55491 0.52679 0.47509142858 0.38753 0.35049 0.31728 0.28743 0.13450 12 0.88745 0.83639 0.78849 0.74356 0.70138 0.66178 0.62460 0.58966 0.55684 0.52598 0.49097 0.44401 0.39711 035553 031853 0.28584 0.25668 0.11216 13 0.8786 0.82403 0.77303 072542 0.68095 0.639400.60057 0.56427 0.53032 0.49856 046834 041496 0.36770 0.32618 028966 0.25751 0.22917 0.09346 14 086996 0.81185 0.75788 0.70773 066112061778 057748 051997 050507 0.47257 0.44230 038782 034046 0.39925 0.26333 023199 0.20462 0.07789 15 086135 075 0.74301 0.69047 064136 0.59689 0.55526 0.51672045102044793 041727 0_36245 031524 0.27454 0.23939 0.20900 0.12.270 006491 16 085282 0.750 0.72545 0.67362 0.42317 0.57671253391 0.0047 0.45811 0.43458 0.39365 033873 0.29189 0.25287 0.21763 0.15829 0.1612 205409 17 0.54538 0.77639 0.71416 0.65720 0.00502 0.55720 051337 0.47318 0.48630040345 0.37136 0.31657 0.27027 0.23107 0.19784 0.16963 014564 004507 15 083602 0.76491 0.70016 0.64117 0.58739 0.53836 0.49363 0.45280 0.41552 038147 035034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.03756 19 082774 0.75361 0.65643 062553 0.57029 0.52016 047464 0.43330 0.39573 036158 0.33051 0.27651 023171 0 1949 016351 0.13768 0.11611 0.03130 20 081954 0.14247 0.67297 061027 0.55368 0.50257 0.45639 0.41464 037689 034273 031110 0.25842021455 017343 0.14864 0.12403010367 0.02608 21 31143 6.73150 3.65978 19 2.75 3.41557 .43 0.39679 0.35894 0.33456 16 0.34151 1 6 0.16370 0.13513010174 0.09256 0.02174 24 078757 0.699406917205528049193 0.437639012070031007 0.27666 034698 0.197150157700 12640 0.10153005170006588 0.0125 250.77977 0.60921 0.60953053939 0.4771 0.42315037512 0.33273 0.29530026723 03300 0.18425 014602 0.11597 0.09230 0.07361 005882 0.01048 25 0.75684 065910 0.57437 05008804378 0.38165 033348 0.19157 0.25509 022332 0.19563 0.15040 0.11591 0.08955 0.06934 005382 001187 0.00607 29 0.74934 061936 056311 045166 0.41435 0.36875 032065027902024195 021168 016456014056 010713008215 0.05301004349 003738 000SOS 30 0.74192 0.61976055207 0.476740.41199 0.35675 30331 016700 33133 2004 017411 0.13137 0918 001537 0.05731 .04368 0.03333 0.00421 317 061011 05413546511 342029635550022036019015016435 0.19277 0092020069150.05210093501930000351 49067165055136 045259 0.37343010056 025252 020839 0.17193 0.14305011746 009722 0.06675 004603 003154 0.02209001538 001075 0.00068 TARIE 3 Future Value of an ordinary Annuity of $1 PVA (1+)-1 55 604 10.04 11.04 12.04 20.046 0% 15% 204 3.5 30 35 40 45 50 1 10000 10000 10000 10000 10000 10000 10000 10000 10000 2 20100 20150 2.0200 2.0250 20300 2.0350 204002015020500 3 30301 30452 30004 3.0756 3.0909 3.106231216 3.1370 31525 4 4.0004 4.0909 41216 4152541836 4214942465 4278243101 5 5101051535040 5356353091 53625 $4151 5.4707 55256 10000 10000 20550 20000 316803.1836 7086 3.04 904 10000 10000 10000 20700 20800 2.0900 3.21493.2456 3.2781 4506145731 10000 2.1000 33100 6610 61041 6 10000 2.1100 3.3421 7097 10000 2.1200 33744 7791 10000 22000 3.6400 5160 55811 5 1507 S3566 59047 15774616 66.1530 63226 .308163877 464 6550266330 10 019 6.381 69753 7.25337335 75333 7.7186 79129 1152 7 72135 7320 741435414 1665 7794 0 192 100 32660 19 65403992392004 9487227333 10 000 $32857 43283037361 3.89239051791 2380095091 7216 0.1975 10.2598 106366 110285 11435 11854 12 2997 9 9.3635 9.5593 746 0545 1015011036510 588 100 110 112563119131780 13:00 130210 13.5795 161640 147757 10 1046 10 7023 10 949) 11.2014 114619 11314170061 12321259 128754 1310 13 164 14616615199 159174 1672 167 129159 16.0991 25.9587 32.1504 39 SBS 11 11.5668 11.3033 12.1687 114835 12.8078 13.1420 13:4514 1.412 14.30 14.5835 14.971615.7836 16.6455 17.5003 18.5312 19.5614 26.6546 12126825 13.0413 13.4121 13.7956 141930 14.6020150253 154610 159171 16.3856 16.099 17.5555189771 2014072135432 7112 41331 1) 13.3093 14230814680815104116118 16 1110 166 171717 710 15 2018 2016062953 954 265 266 2029 14 147 15.4504 159739 16:519017056317.677019291915931 19.5986202936 21.0151 255054219250192 279750 300 323936 15 16 16 1917 1918 1919 1995 2006 20784215786 2051 2527601 3711 9360977 054 372797 59 1959 720351 16 172599179334 18.639319.307 301569 2070 21.8345 21.7193 2.6575 24.5411 25.6725 17 18.4304 19.2014 200171 203647 21.7616 227050 23.69752417 258406 26.9964282129 18 196147204194 214123223863 234144244997 25.6454 26551 281324 294512 30.9057 19 208109 21797 22346 33016025.1109263572 27671229063630539032.102733.7600 10220190 23.1237242974 25.547 26870428279 237781313714 330660 348683367856 37.558130.3343 33.0034 359417 IN 4275 87.4421 30.5402 33.7502 35.9737 405474450084888371059306 33.999037450241.3013 45599253959 55.7497 128 1167 37.3790414463 46015511591 569395 63.4397 154.7400 40995515.7620 S11601S72750042023 22.05241866850 21 23.2392 24.4705 25.7833 17.1333 25.676530.3695 31.9691378331 35.7193 37.7861399917 4.452 50.431956.764541015727051 31.6957 225.0256 30 34.7549 37538740561439077475754 51.6227 56.0519 610071 664385 22.0355 79058 4 408 11.2882 136.307 1644940 199000923327 11513815 4048886454257960403067403675.401334550395035510700 107998136605615870199 6351 3590565 337334 593558133676709147343575 TABLE 4 Present Value of an ordinary Annuity of $1 PVA- 1 2 3 4 5 1046 1.55 2096 2.54 0 4 405 45 346 46 201 .0% 0.046 10.04 11.04 12.09 20.0% 099010 09852095039 097561 091087 090618 0904 0 9569095213 0941 030 093458 0.92593091743090909090020 019286 0.83333 1 97040 195588 19156 19274219121899 189 1827 135941 162 163 B 1736 17591173554 1 712521.62005 152778 29409929122028833 2.85602 282861 280164 2.77509274896 2.72325 2.6979326730126347 257710 2.53129245685 2.44371 2.601832.10548 3.90197 385438380773 3.76197 3.71710367308362990 358753 354595 3.50515 3.46511 3.38721331213 323972 3.16987310345 30373 258873 4533 478354 471346 461583 457971 451505 445112 43899 432903 42703 1 238410020399271 3.88965 3.79079369510360478 2.99061 6 7 $ 9 10 79543560719 560163 0135.41719 35 4141787 70 493 491731 44054 4.61753443502 536 43054 4.11141332551 196 6 47199 609 6230 61144 305 319270 575637563297 3 5 .31295001703295 4360 120 45637660459 165108746193 732548 717014 70190 6873673714 65956966321 6.33457620979 5.97130 5.4664 5.53462533493514612496764 3.83716 6 1624 797087 7711 7607974353373879710782 6.95220601696 51523624689599525 5.759025537055.32825 4.03097 942110 9 9259 525206 353070 31651 110791272 7.721737537637009702358 6 7100641766614457 51393 565022419147 110.367631007112 078635 93161 9152629.00158 168 3.52893 8.30641 8.09347.886 7.49567 7138966 .80519 6.4906706 07770 432706 12 11 25508 10 907511057534 1025776 995400966333 938507 9.11858 1.16325861852838334 7941697.51609 71607368118989861987 4439 13 12.13374 1173153 1134837 109831910634961030274 9.98565968285 9.19357 911708385361 35765 790378 748690710116614987642155 451263 14 1300170125433 1210625 11 69091 11 29607 1091052 105631110253 9.1986495396592949814542 04 773815 71 6 61057 15 11 11 4 128 12181111 917241 510111111011955 10.3796610071107915 706 7 0 467547 16 14.71787 14,13136 13.37771 13.050 12.56110 12.00413 114823111343 10.837721046216 10.101 .4403 37 3.31256 782371737916 497309 4.72355 17155635 011629187 137122013106121265112 12 1656711707191117407 10646 10:4773676323 17164 3.503602155 75487971193477463 15 16.3927 1567356 1499303 1435336 1375351 1318968 1265950 12.159991168959 1124607 102760 1009099.37189875563830141 770162722967451219 1917.2001 16: 47 1567146 14759 143210 1370014 13.13394 12.5939 12.08532 11607651115812 10.335000036095011 1.3649781929 736578434350 201804555 171664 163514315 58916 1457N) 142120130 1300794124221 0 114993 10.5910118 12155851356 793337 4 16958 11 18.85608 17.91014 17.01111 1615455 15.41502 14.00% 14.02916 13:4047 13.82115 12.27534 11.76408 10.3553 10.01680 .29334 8.480 3.750 7.562004.2013 25 22.07316 29.71901 1952346 18420 1741115 6481 560 141 140 13411911116 116111061079335907704414734314494759 30 15.8077101584 22.59616 2093029 19 6004 1819205 12.1920) 1638319137245 14.53375 13.7018) 19.40004 1125778 1027365 9.4709136937905511 497894 4032816291153735541 25.10378311147 21355071977140158 17 1590) 1004012 15.046101333011930011075736 779059510 TABLE 5 Future Value of an Annuity Due of $1 FVAD AD (1+i)=1*(1+1) *(1+1) 70% 80% 90% 11.04 12.0% 0.0% 1 10700 1.800 1.0900 1.1100 21 11200 2.3744 12000 26100 2 2 10% 1.5% 1.0100 10150 2.0901 2042 3.0604 3.0909 4.101041523 5.1520 52296 2.00% 1.0200 2.0004 3.1216 4.2040 5.3081 2.5% 3.0% 35% 1.0250 10300 1.0350 2.0756 20909 21062 31525 31836 3.2149 42563430914.3625 53877 5:4684 5.5502 40% 10400 2.1216 32465 4.4163 5.6330 4396 30% 10450 10500 2.1370 2.1525 32782 33101 4.4707 4.5256 5.716958019 55% 10550 21680 33423 45811 58881 60% 10600 2 1836 3 3745 4.6371 59753 10.0% 1.1000 23100 3 6410 5.1051 6.7156 43690 2.2149 2.2464 2.2781 3.5061 35731 4.7507 4.8666 4.5847 6.15336.33596.5233 3 4 5 3.7097 3.7793 52278 53528 6.91297.1152 6.4416 89299 6 6.2135 7 72857 $ 33685 94622 10 10.5 6.32.30 74328 35593 9.7027 103611 6.4343 6.5474 6.6635 6.7794 6.8933 75830 7.7361 789238.0517 8.2142 8.7546 8954591591 936859 5828 99497 10.2034 104639 107314 11.0061 11 1687 11415 11 8073121420 12 401 70192 7.1470 83800 85491 93021100266 112382 115779 12 8412 13 2018 7.869 8.7216 102563 118754 135835 7303374840 79328 88975 9 2598 96366 10.1913 109780 11.4876 121805 123164 134866 139716 14.7836 15 6455 8.2004 10.0285 12 0910 14.1929 165603 848728.7833 10.4359 10.8594 12.5795 13.1640 149374 15.7220 175312 18. 5614 9.690 11 2997 137757 16.5487 19 6546 1919 15.4991 19.1989 311504 11 11.6835 12.0412 12.4121 12.7956 1.1930 19.6020 14.0258 12 12.8093 13.2368 13.6803 14.1404 14.6178 15.1130 15.6268 13 13.9474 14.4504 14.9739 15.5190 160863 166770 17.2919 14 15.099 15.6821 16.2934 16.9319 17.5989 18.2957 19.0236 15 16 3579 169824 17619) 18 02 19 1560199710 20 8245 14.4610 16.1599 17.9321 19.7841 21.7193 149191 16.7130 18.5956 205786 22 6575 153856 18.30 172368 178821 192926 20.0151 214087222760 236411 24 6725 16.3885 17.9771 19.1406 20.4953 21.5503232149 24.1290 26.1521 26 1881 293243 19.1407 21.9534 25.0192 28.3609 12 0014 20.3343 23.5227 26,9750 30.7725 4 9197 21.713223.1331 25.2116 27.0291 9.0949 313926 33.4054 36.2797 131999 41.7511 38.5305 47.4960 58.1959 710351 36 421 16 17.4304 15.2014 19.0121 19.8647 20.7616 31.7050 21.0975 25.7417 24.8404 25.9964 27.1129 17 18 6147 194204123213161224141 21.4997246454 258551 271324 284812 29 0057 18 19109 20.7967 213406 22.9460 24.1109253572 26671228061629539031102732.7600 19210190 22.1237 23 1974 547 253704 272797287781 70 3714 20660 3 61 35 7856 20 22.23922547052478326.1333 276765 29209530902 327831 347193 36786189927 29.5403 32.7502 35.9737 32999036450240013 36.3790 40.4463 45.0185 39.9955 47620 50.1601 43.1652 49.4729557645 39.5447 43.5608 47.8837 599249.999 54.7497 50.1591 55995624197 56.275062028 71.0524 63.0025 71.2651806957 104.9306 127.1167 153.7400 185 6380 24 0756 21 234716 24.8376 26.2990 27,8679 39.5468 31.3780 31.2480 353034 375052398643 42.3933 45.0057 54.4565 61.8733 70.4017 30.7143 91.5076 270,0307 75 285756305100326709350117 37.5530 40.3131433112465705 50 1135 5360 561566 67.5705 78.9544 923301081818 126 9358149 3339 586,3773 30 35.1327 38.1018 41.379445.000 49.0027 53.4295 50323 6.7534697608 76.4191 33 1017 1010730 122.3459 148.5753 160.9134220.9132 2702926 1418.2579 40 49.375255,0819 61610969.0876 77.663 87.50959.265 11134671365195 1441189 16104772136096279.751034823194568518 645,8709 859.14348812 6394 TABLE 6 Present Value of an Annuity Due of $1 PVAD 91 901 957 90 953 906 907 937 903 55 909 904 903 906 900 90210119001 1 00000 100000 100000 100000 100000 100000 10000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 5861010561 Z 95161610861 SOLO 1961 819961 169561 EEEE81 986681 050061 606061 EPLI6I ESCOL S61 0161 2161 SECS6 2.91347 27355 2712522 69005 252778 3 # 297040 301099 2.95556 3.91220 94156 297742 3.65383 3.85602 4.507734.76197 2899092856092.87267 25901284632 380164 177509 17696172195169793 4.67308 462990458753 454595 4.S0515 3.82861 471710 283339230802278126 275911 167301 362412157710 151119 4.46511 438721 431213421972 14685344371340183 310548 5 490197 4.85438 417 410245 401735 358873 TESTS HOTELS 9PILS 85195 TOLS'S BISPS SOSIS'S 8668CS 070S PEIES SALES SECS 667 7 LO627 19066621097 066 7 8 9 10 6.79545669219660143 6.50813 6.41719 637855 0.24214 6.15787 6.07569 5.99553 591732 5.76654 772819 759821 747199 731939 723023711454 7.00205 6.89270 6.78637 668197 658238 638919 8651688.43593 832545311014 01909 787396 7.73274 759589 7.46321 733457 720979 697130 9 56602 9 160529.16224 397087 3.78611 8607698.435338268798107827957707.80169751523 56223854592535526 573054 511141 432551 620637 601295 56842 571220556376460459 6.74664 65343263393614612596764 483716 724689699525675902653705 632825 503097 11 1047130 10.322189.98259 9.75206 9.58030 0.31661 9.11090891272 3.72173 8.5376 8.36000 3.02358 7.71008741766 714457 6.8023 6.65012 .19347 12 1136763 1107112 10.7868510 5142110 252611000155 9.76013 9.57892 930541 9.09254 888687849867 13896730519 7495067 20652693710512706 131225508 11.90751 1157534 11 25778 10.95400 0.65333 1038507 10.11858 9.86325 961852938384894769853608 16073781389 749236 7.19437543922 14 13 12.73153 1234837 11.90315 116349 11.90274 1098565 10.68285 1039357 10.11708 985268 935765890378848680510336 7.74987 742355 5.53208 YSIOLOOMISI POCOL 1916801 SELEI IS II CSOCSI! 20967 I 16000 I SCOOB SLO 1981 PO 1162 09901 LOS LISO 16 14.86505 14.34333 13.54936 13.38138 17 15.71787 15.13126 14577711405500 12.93794 12.51741 13.11830 11.795 11.3766 11.03758 10.71335 10.10701 13 5610109412126523012210211 11 4621011 100 10600 9.55948 985137 9.66049 31256 .0608 8.19087 7.51086 .7547 327 1916 7.9719572956 1316 STOLOGISTROS II 61 E SI OSLOOT L ZIL DESEST 1991 ISESEH I 19681H 019911 CONTICOLI COS 912101 COOL DELHI 069 I 6 I 612EOI SOLO IL DOLERII LOZI 56 526 SS SSI206 108 THOTE COLS CICIS S 20 1822601 17.42017 16.67546 15.97889 15.32380 14.70984 14.13394 13.59329 13.08532 12.60765 12.15812 11335601060360 9.95011 9.16192 883929 816575 584350 PLOTOSHOPEIESI LPSSE 91685 91 TISELT 99181 SSSPOTTE IL 60F EINES! EI 6678881 E661661 1100 1 SETTE SC 013 910 SSI FI EOSSOLISTIN SOOLER 62590 90 OTEESI OI!!! 6010 ZI TESZI ELSE 61 SRBIOSSESFIT 065 OLLEET 968 9516 SETT SISISI 1918 350'S 866 90 1985 II OILS 188 PS1E6 ISSIZI THOS 181006110596 1995 1996 40 33.16303 30.36458 2790259 2573034 23.50822 22.10250 20.53445 19.21966 18.01704 1692866 15949071426493 1287858 11.72552 10.75096 9.93567 923303 5.99592 The following situations should be considered independently. (PV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $63,968 for a down payment on a small business. He will invest $32,000 today in a bank account paying 8% interest compounded annually. Approximately how long will it take John to reach his goal? 2. The Jasmine Tea Company purchased merchandise from a supplier for $32,802. Payment was a noninterest-bearing note requiring Jasmine to make five annual payments of $8,000 beginning one year from the date of purchase. What is the interest rate implicit in this agreement? 3. Sam Robinson borrowed $14,000 from a friend and promised to pay the loan in 12 equal annual installments beginning one year from the date of the loan. Sam's friend would like to be reimbursed for the time value of money at a 9% annual rate. What is the annual payment Sam must make to pay back his friend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The Jasmine Tea Company purchased merchandise from a supplier for $32,802. Payment was a noninterest-bearing note requiring Jasmine to make five annual payments of $8,000 beginning one year from the date of purchase. What is the interest rate implicit in this agreement? (Do not round intermediate calculations. Round the interest rate to 1 decimal place.) Present Value: Annuity Payment The following situations should be considered independently. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $63,968 for a down payment on a small business. He will invest $32,000 today in a bank account paying 8% interest compounded annually. Approximately how long will it take John to reach his goal? 2. The Jasmine Tea Company purchased merchandise from a supplier for $32,802. Payment was a noninterest-bearing note requiring Jasmine to make five annual payments of $8.000 beginning one year from the date of purchase. What is the interest rate implicit in this agreement? 3. Sam Robinson borrowed $14,000 from a friend and promised to pay the loan in 12 equal annual installments beginning one year from the date of the loan. Sam's friend would like to be reimbursed for the time value of money at a 9% annual rate. What is the annual payment Sam must make to pay back his friend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2 Required 3 Sam Robinson borrowed $14,000 from a friend and promised to pay the loan in 12 equal annual installments beginning one year from the date of the loan. Sam's friend would like to be reimbursed for the time value of money at a 9% annual rate. What is the annual payment Sam must make to pay back his friend? (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Show less Table or calculator function: Present Value: Annual Instaliment