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Please do and explain question number 2 please and thankyou! 2. What is the present value of $4,500 to be received at the end of
Please do and explain question number 2 please and thankyou!
2. What is the present value of $4,500 to be received at the end of 7 years at 12% interest, assuming compounding which is: A. Annual B. Semi-annual (twice per year) C. Quarterly (four times per year) Future Value of a Single Payment of $1 Periods 1% 1.0100 1.0201 1.0303 1.0406 1.0510 1.0615 1.0721 1.0829 1.0937 1.1046 1.1157 1.1268 1.1381 1.1495 1.1610 1.1726 1.1843 1.1961 1.2081 1.2202 1.2324 1.2447 1.2572 1.2697 1.2824 1.2953 1.3082 1.3213 1.3345 1.3478 1.4308 1.4889 1.6122 1.6446 | 1.8167 2% 3% 4% 1.0200 1.0300 1.0400 1.0404 1.0609 1.0816 1.0612 1.0927 1.1249 1.0824 1.1255 1.1699 1.1041 1.1593 1.2167 1.1262 1.1941 1.2653 1.1487 1.2299 1.3159 1.1717 1.2668 1.3686 1.1951 1.3048 1.4233 1.21901.3439 1.4802 1.2434 1.3842 1.5395 1.2682 1.4258 1.6010 1.2936 1.4685 1.6651 1.3195 1.5126 1.7317 1.3459 1.5580 1.8009 1.3728 1.6047 1.8730 1.4002 1.6528 1.9479 1.4282 1.7024 2.0258 1.4568 1.7535 2.1068 1.4859 1.8061 2.1911 1.5157 1.8603 2.2788 1.5460 1.9161 2.3699 1.5769 1.9736 2.4647 1.6084 2.0328 2.5633 1.6406 2.0938 2.6658 1.6734 2.1566 2.7725 1.7069 2.2213 2.8834 1.7410 2.2879 2.9987 1.7758 2.3566 3.1187 1.8114 2.4273 3.2434 2.0399 2.8983 4.1039 2.2080 3.2620 4.8010 2.5871 4.1323 6.5705 2.6916 4.3839 7.1067 3.2810 5.8916 10.520 5% 6% 7% 8% 9% 10% 11% 12% 1.0500 1.0600 1.0700 1.0800 1.0900 1.1000 1.1100 1.1200 1.1025 1.1236 1.1449 1.1664 1.1881 1.2100 1.2321 1.2544 1.1576 1.1910 1.2250 1.2597 1.2950 1.3310 1.3676 1.4049 1.2155 1.2625 1.3108 1.3605 1.4116 1.4641 1.5181 1.5735 1.2763 1.3382 1.4026 1.4693 1.5386 1.6105 1.6851 1.7623 1.3401 1.4185 1.5007 1.5869 1.6771 1.7716 1.8704 1.9738 1.4071 1.5036 1.6058 1.7138 1.8280 1.9487 2.0762 2.2107 1.4775 1.5938 1.7182 1.8509 1.9926 2.1436 2.3045 2.4760 1.5513 1.6895 1.8385 1.9990 2.1719 2.3579 2.5580 2.7731 1.6289 1.7908 1.9672 2.1589 2.3674 2.5937 2.8394 3.1058 1.7103 1.8983 2.1049 2.3316 2.5804 2.8531 3.1518 3.4785 1.7959 2.0122 2.2522 2.5182 2.8127 3.1384 3.4985 3.8960 1.8856 2.1329 2.4098 2.7196 3.0658 3.4523 3.8833 4.3635 1.9799 2.2609 2.5785 2.9372 3.3417 3.7975 4.3104 4.8871 2.0789 2.3966 2.7590 3.1722 3.6425 4.1772 4.7846 5.4736 2.1829 2.5404 2.9522 3.4259 3.9703 4.5950 5.3109 6.1304 2.2920 2.6928 3.1588 3.7000 4.3276 5.0545 5.8951 6.8660 2.4066 2.8543 3.3799 3.9960 4.7171 5.5599 6.5436 7.6900 2.5270 3.0256 3.6165 4.3157 5.1417 6.1159 7.2633 8.6128 2.6533 3.2071 3.8697 4.6610 5.6044 6.7275 8.0623 9.6463 2.7860 3.3996 4.1406 5.0338 6.1088 7.4002 8.9492 10.804 2.9253 3.6035 4.4304 5.4365 6.6586 8.1403 9.9336 12.100 3.0715 3.8197 4.7405 5.8715 7.2579 8.9543 11.026 13.552 3.2251 4.0489 5.0724 6.3412 7.9111 9.8497 12.239 15.179 3.3864 4.2919 5.4274 6.8485 8.6231 10.835 13.585 17.000 3.5557 4.5494 5.8074 7.3964 9.3992 11.918 15.080 19.040 3.7335 4.8223 6.2139 7.9881 10.245 13.110 16.739 21.325 3.9201 5.1117 6.6488 8.6271 11.167 14.421 18.580 23.884 4.1161 5.4184 7.1143 9.3173 12.172 15.863 20.624 26.750 4.3219 5.7435 7.6123 10.063 13.268 17.449 22.892 29.960 5.7918 8.1473 11.424 15.968 22.251 30.913 42.818 59.136 7.0400 10.286 14.974 21.725 31.409 45.259 65.001 93.051 10.401 16.394 25.729 40.211 62.585 97.017 149.80 230.39 11.467 18.420 29.457 46.90274.358 117.39 184.56 289.00 18.679 32.988 57.946 101.26 176.03 304.48 524.06 897.60 Present Value of a Single Payment of $1 Periods| 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12%, | 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.8116 0.7972 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.7312 0.718 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6587 0.6355 0.9515 0.9057 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.5935 0.5674 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 0.5346 0.5066 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 0.4817 0.4523 0.9235 0.8535 0.7894 0.7307 0.6768 0.6274 0.5820 0.5403 0.5019 0.4665 0.4339 0.4039 0.9143 0.8368 0.7664 0.7026 0.6446 0.5919 0.5439 0.5002 0.4604 0.4241 0.3909 0.3606 0.9053 0.8203 0.7441 0.6756 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 0.3522 0.3220 10.8963 0.8043 0.7224 0.6496 0.5847 0.5268 0.4751 0.4289 0.3875 0.3505 0.3173 0.2875 0.8874 0.7885 0.7014 0.6246 0.5568 0.4970 0.4440 0.3971 0.3555 0.3186 0.2858 0.2567 0.8787 0.730 0.6810 0.6006 0.5303 0.4688 0.4150 0.3677 0.3262 0.2897 0.2575 0.2292 0.8700 0.7579 0.6611 0.5775 0.5051 0.4423 0.3878 0.3405 0.2992 0.2633 0.2320 0.2046 0.8613 0.7430 0.6419 0.553 0.4810 0.4173 0.3624 0.3152 0.2745 0.2394 0.2090 0.1827 0.8528 0.7284 0.6232 0.5339 0.4581 0.3936 0.3387 0.2919 0.2519 0.2176 0.1883 0.1631 0.8444 0.7142 0.6050 0.5134 0.4363 0.3714 0.3166 0.2703 0.2311 0.1978 0.1696 0.1456 0.8360 0.7002 0.5874 0.4936 0.4155 0.3503 0.2959 0.2502 0.2120 0.1799 0.1528 0.1300 10.8277 0.6864 0.5703 0.4746 0.3957 0.3305 0.2765 0.2317 0.1945 0.1635 0.1377 0.1161 10.8195 0.6730 0.5537 0.4564 0.3769 0.3118 0.2584 0.2145 0.1784 0.1486 0.1240 0.1037 0.8114 0.6598 0.5375 0.4388 0.3589 0.2942 0.2415 0.1987 0.1637 0.1351 0.1117 0.0926 0.8034 0.6468 0.5219 0.4220 0.3418 0.2775 0.2257 0.1839 0.1502 0.1228 0.1007 0.0826 0.7954 0.6342 0.5067 0.4057 0.3256 0.2618 0.2109 0.1703 0.1378 0.1117 0.0907 0.0738 0.7876 0.6217 0.4919 0.3901 0.3101 0.2470 0.1971 0.1577 0.1264 0.1015 0.0817 0.0659 0.7798 0.6095 0.4776 0.3751 0.2953 0.2330 0.1842 0.1460 0.1160 0.0923 0.0736 0.0588 0.7720 0.5976 0.4637 0.3607 0.2812 0.2198 0.1722 0.1352 0.1064 0.0839 0.0663 0.0525 | 0.7644 0.5859 0.4502 0.3468 0.2678 0.2074 0.1609 0.1252 0.0976 0.0763 0.0597 0.0469 | 0.7568 0.5744 0.4371 0.3335 0.2551 0.1956 0.1504 0.1159 0.0895 0.0693 0.0538 0.0419 0.7493 0.5631 0.4243 0.3207 0.2429 0.1846 0.1406 0.1073 0.0822 0.0630 0.0485 0.0374 0.7419 0.5521 0.4120 0.3083 0.2314 0.1741 0.1314 0.0994 0.0754 0.0573 0.0437 0.0334 0.6989 0.4902 0.3450 0.2437 0.1727 0.1227 0.0875 0.0626 0.0449 0.0323 0.0234 0.0169 0.6717 0.4529 0.3066 0.2083 0.1420 0.0972 0.0668 0.0460 0.0318 0.0221 0.0154 0.0107 0.6203 0.3865 0.2420 0.1522 0.0961 0.0610 0.0389 0.0249 0.0160 0.0103 0.0067 0.0043 0.6080 0.3715 0.2281 0.1407 0.0872 0.0543 0.0339 0.0213 0.0134 0.0085 0.0054 0.0035 | 0.5504 0.3048 0.1697 0.0951 0.0535 0.0303 0.0173 0.0099 0.0057 0.0033 0.0019 0.0011 3 4 5 6 7 8 gonR BH be p8 Present Value of an Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 1 0 .9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 1.9704 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.7125 1.6901 2.9410 2.8839 2.8286 2.7751 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 3.9020 3.8077 3.7171 3.6299 3.5460 3.4651 3.3872 3.3121 3.2397 3.1699 3.1024 3.0373 4.8534 4.71354.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 3.6959 3.6048 5.7955 5.6014 5.41725.2421 5.0757 4.9173 4.7665 4.62294 .48594.3553 4.2305 4.1114 6.7282 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.7122 4.5638 7.6517 7.3255 7.0197 6.7327 6.4632 6.2098 5.9713 5.7466 5.5348 5.3349 5.1461 4.9676 8.5660 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 5.5370 5.3282 9.4713 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 10.368 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 6.2065 5.9377 11.255 10.575 9.9540 9.3851 8.8633 8.3838 7.9427 7.5361 7.1607 6.8137 6.4924 6.1944 12.134 11.348 10.635 9.9856 9.3936 8.8527 8.3577 7.9038 7.4869 7.1034 6.7499 6.4235 13.004 12.106 11.296 10.563 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 6.9819 6.6282 13.865 12.849 11.938 11.118 10.380 9.7122 9.10798.5595 8.0607 7.6061 7.19096.8109 | 14.718 13.578 12.561 11.652 10.838 10.106 9.4466 8.8514 8.3126 7.8237 7.3792 6.9740 15.562 14.292 13.166 12.166 11.274 10.477 9.7632 9.1216 8.5436 8.0216 7.5488 7.1196 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.3719 8.7556 8.2014 7.7016 7.2497 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.6036 8.9501 8.36497.8393 7.3658 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.8181 9.1285 8.5136 7.9633 7.4694 18.857 17.011 15.415 14.029 12.821 11.764 10.836 10.017 9.2922 8.6487 8.0751 7.5620 19.660 17.658 15.937 14.451 13.163 12.042 11.061 10.201 9.4424 8.7715 8.1757 7.6446 20.456 18.292 16.444 14.857 13.489 12.303 11.272 10.371 9.5802 8.8832 8.2664 7.7184 21.243 18.914 16.936 15.247 13.799 12.550 11.469 10.529 9.7066 8.9847 8.3481 7.7843 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.8226 9.07708.4217 7.8431 22.795 20.121 17.877 15.983 14.375 13.003 11.826 10.810 9.9290 9.16098.4881 7.8957 23.560 20.707 18.327 16.330 14.643 13.211 11.987 10.935 10.027 9.2372 8.5478 7.9426 24.316 21.281 18.764 16.663 14.898 13.406 12.137 11.051 10.116 9.3066 8.6016 7.9844 25.066 21.844 19.188 16.984 15.141 13.591 12.278 11.158 10.198 9.3696 8.6501 8.0218 25.808 22.396 19.600 17.292 15.372 13.765 12.409 11.258 10.274 9.4269 8.6938 8.0552 30.108 25.489 21.832 18.908 16.547 14.621 13.035 11.717 10.612 9.6765 8.8786 8.1924 32.835 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.7791 8.9511 8.2438 37.974 30.673 25.267 21.195 18.077 15.650 13.730 12.189 10.934 9.89699.0302 8.2972 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.9148 9.0417 8.3045 44.955 34.761 27.676 22.623 18.929 16.161 14.039 12.377 11.048 9.96729.0736 8.3240 Future Value of an Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 2.0100 2.0200 2.0300 2.0400 2.0500 2.0600 2.0700 2.0800 2.0900 2.1000 2.1100 2.1200 3.0301 3.0604 3.0909 3.1216 3.1525 3.1836 3.21493.2464 3.2781 3.3100 3.3421 3.3744 4.0604 4.1216 4.1836 4.2465 4.3101 4.3746 4.4399 4.5061 4.5731 4.6410 4.7097 4.7793 5.1010 5.2040 5.3091 5.4163 5.5256 5.6371 5.7507 5.8666 5.9847 6.1051 6.2278 6.3528 6.1520 6.3081 6.4684 6.6330 6.8019 6.9753 7.1533 7.33597.5233 7.7156 7.9129 8.1152 7.2135 7.4343 7.6625 7.8983 8.1420 8.3938 8.6540 8.9228 9.2004 9.4872 9.7833 10.089 8.2857 8.5830 8.8923 9.2142 9.5491 9.8975 10.260 10.637 11.028 11.436 11.859 12.300 9.3685 9.7546 10.159 10.583 11.027 11.491 11.978 12.488 13.021 13.579 14.164 14.776 10.462 10.950 11.464 12.006 12.578 13.181 13.816 14.487 15.193 15.937 16.722 17.549 11.567 12.169 12.808 13.486 14.207 14.972 15.784 16.645 17.560 18.531 19.561 20.655 12.683 13.412 14.192 15.026 15.917 16.870 17.888 18.977 20.141 21.384 22.713 24.133 13.809 14.680 15.618 16.627 17.713 18.882 20.141 21.495 22.953 24.523 26.212 28.029 14.947 15.974 17.086 18.292 19.599 21.015 22.550 24.215 26.019 27.975 30.095 32.393 16.097 17.293 18.599 20.024 21.579 23.276 25.129 27.152 29.361 31.772 34.405 37.280 17.258 18.639 20.157 21.825 23.657 25.673 27.888 30.324 33.003 35.950 39.190 42.753 18.430 20.012 21.762 23.698 25.840 28.213 30.840 33.750 36.974 40.545 44.501 48.884 19.615 21.412 23.414 25.645 28.132 30.906 33.999 37.450 41.301 45.599 50.396 55.750 20.811 22.841 25.117 27.671 30.539 33.760 37.379 41.446 46.018 51.159 56.939 63.440 22.019 24.297 26.870 29.778 33.066 36.786 40.995 45.762 51.160 57.275 64.203 72.052 23.239 25.783 28.676 31.969 35.719 39.993 44.865 50.423 56.765 64.002 72.265 81.699 24.472 27.299 30.537 34.248 38.505 43.392 49.006 55.457 62.873 71.403 81.214 92.503 25.716 28.845 32.453 36.618 41.430 46.996 53.436 60.893 69.532 79.543 91.148 104.60 26.973 30.422 34.426 39.083 44.502 50.816 58.177 66.765 76.790 88.497 102.17 118.16 28.243 32.030 36.459 41.646 47.727 54.865 63.249 73.106 84.701 98.347 114.41 133.33 29.526 33.671 38.553 44.312 51.113 59.156 68.676 79.954 93.324 109.18 128.00 150.33 30.821 35.344 40.710 47.084 54.669 63.706 74.484 87.351 102.72 121.10 143.08 169.37 32.129 37.051 42.931 49.968 58.403 68.528 80.698 95.339 112.97 134.21 159.82 190.70 33.450 38.792 45.21952.966 62.323 73.640 87.347 103.97 124.14 148.63 178.40 214.58 34.785 40.568 47.575 56.085 66.439 79.058 94.461 113.28 136.31 164.49 199.02 241.33 43.077 51.994 63.276 77.598 95.836 119.12 148.91 187.10 236.12 299.13 380.16 484.46 48.886 60.402 75.401 95.026 120.80 154.76 199.64 259.06 337.88 442.59 581.83 767.09 61.223 79.354 104.41 139.26 188.03 256.56 353.27 490.13 684.28 960.17 1352.7 1911.6 64.463 84.579 112.80 152.67 209.35 290.34 406.53 573.77 815.08 1163.9 1668.8 2400.0 81.670 114.05 163.05 237.99 353.58 533.13 813.52 1253.2 1944.8 3034.8 4755.1 7471.6Step by Step Solution
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