Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE SOLVE 2 tasks PRESENT VALUE PRESENT VALUE OF ANNUITY OF1 Calculate the present value of the following amounts: 1. $13,000 at the end of

PLEASE SOLVE 2 tasks image text in transcribed
PRESENT VALUE
image text in transcribed
image text in transcribed
PRESENT VALUE OF ANNUITY OF1
image text in transcribed
image text in transcribed
Calculate the present value of the following amounts: 1. $13,000 at the end of ten years at 12% 2. $13,000 at the end of each year for the next ten years at 12% (If using prosont value tables, use factor amounts rounded to three decimal places, XXX. Round your final answors to the nearest whole doillar.) (Click the icon to view Present Value of $1 tablo.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) \begin{tabular}{|l|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ Present Value of \$1 } \\ \hline Periods & 4% & 5% & 6% & 7% & 8% & 10% & 12% & 14% & 16% \\ \hline & & & & & & & & & \\ \hline Period 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ \hline Period 2 & 0.925 & 0.907 & 0.890 & 0.873 & 0.857 & 0.826 & 0.797 & 0.769 & 0.743 \\ \hline Period 3 & 0.889 & 0.864 & 0.840 & 0.816 & 0.794 & 0.751 & 0.712 & 0.675 & 0.641 \\ \hline Period 4 & 0.855 & 0.823 & 0.792 & 0.763 & 0.735 & 0.683 & 0.636 & 0.592 & 0.552 \\ \hline Period 5 & 0.822 & 0.784 & 0.747 & 0.713 & 0.681 & 0.621 & 0.567 & 0.519 & 0.476 \\ \hline Period 6 & 0.790 & 0.746 & 0.705 & 0.666 & 0.630 & 0.564 & 0.507 & 0.456 & 0.410 \\ \hline Period 7 & 0.760 & 0.711 & 0.665 & 0.623 & 0.583 & 0.513 & 0.452 & 0.400 & 0.354 \\ \hline Period 8 & 0.731 & 0.677 & 0.627 & 0.582 & 0.540 & 0.467 & 0.404 & 0.351 & 0.305 \\ \hline Period 9 & 0.703 & 0.645 & 0.592 & 0.544 & 0.500 & 0.424 & 0.361 & 0.308 & 0.263 \\ \hline Period 10 & 0.676 & 0.614 & 0.558 & 0.508 & 0.463 & 0.386 & 0.322 & 0.270 & 0.227 \\ \hline Period 11 & 0.650 & 0.585 & 0.527 & 0.475 & 0.429 & 0.350 & 0.287 & 0.237 & 0.195 \\ \hline Period 12 & 0.625 & 0.557 & 0.497 & 0.444 & 0.397 & 0.319 & 0.257 & 0.208 & 0.168 \\ \hline Period 13 & 0.601 & 0.530 & 0.469 & 0.415 & 0.368 & 0.290 & 0.229 & 0.182 & 0.145 \\ \hline Period 14 & 0.577 & 0.505 & 0.442 & 0.388 & 0.340 & 0.263 & 0.205 & 0.160 & 0.125 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|l|l|l|l|l|} \hline Period 4 & 0.855 & 0.823 & 0.792 & 0.763 & 0.735 & 0.683 & 0.636 & 0.592 & 0.552 \\ \hline Period 5 & 0.822 & 0.784 & 0.747 & 0.713 & 0.681 & 0.621 & 0.567 & 0.519 & 0.476 \\ \hline Period 6 & 0.790 & 0.746 & 0.705 & 0.666 & 0.630 & 0.564 & 0.507 & 0.456 & 0.410 \\ \hline Period 7 & 0.760 & 0.711 & 0.665 & 0.623 & 0.583 & 0.513 & 0.452 & 0.400 & 0.354 \\ \hline Period 8 & 0.731 & 0.677 & 0.627 & 0.582 & 0.540 & 0.467 & 0.404 & 0.351 & 0.305 \\ \hline Period 9 & 0.703 & 0.645 & 0.592 & 0.544 & 0.500 & 0.424 & 0.361 & 0.308 & 0.263 \\ \hline Period 10 & 0.676 & 0.614 & 0.558 & 0.508 & 0.463 & 0.386 & 0.322 & 0.270 & 0.227 \\ \hline Period 11 & 0.650 & 0.585 & 0.527 & 0.475 & 0.429 & 0.350 & 0.287 & 0.237 & 0.195 \\ \hline Period 12 & 0.625 & 0.557 & 0.497 & 0.444 & 0.397 & 0.319 & 0.257 & 0.208 & 0.168 \\ \hline Period 13 & 0.601 & 0.530 & 0.469 & 0.415 & 0.368 & 0.290 & 0.229 & 0.182 & 0.145 \\ \hline Period 14 & 0.577 & 0.505 & 0.442 & 0.388 & 0.340 & 0.263 & 0.205 & 0.160 & 0.125 \\ \hline Period 15 & 0.555 & 0.481 & 0.417 & 0.362 & 0.315 & 0.239 & 0.183 & 0.140 & 0.108 \\ \hline Period 16 & 0.534 & 0.458 & 0.394 & 0.339 & 0.292 & 0.218 & 0.163 & 0.123 & 0.093 \\ \hline Period 17 & 0.513 & 0.436 & 0.371 & 0.317 & 0.270 & 0.198 & 0.146 & 0.108 & 0.080 \\ \hline Period 18 & 0.494 & 0.416 & 0.350 & 0.296 & 0.250 & 0.180 & 0.130 & 0.095 & 0.069 \\ \hline Period 19 & 0.475 & 0.396 & 0.331 & 0.277 & 0.232 & 0.164 & 0.116 & 0.083 & 0.060 \\ \hline Period 20 & 0.456 & 0.377 & 0.312 & 0.258 & 0.215 & 0.149 & 0.104 & 0.073 & 0.051 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{82}{|c|}{ Present Value of Ordinary Annuity of \$1 } \\ \hline Periods & 4% & 5% & 6% & 7% & 8% & 10% & 12% & 14% & 16% \\ \hline & & & & & & & & & \\ \hline Period 1 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 \\ \hline Period 2 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.736 & 1.690 & 1.647 & 1.605 \\ \hline Period 3 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.487 & 2.402 & 2.322 & 2.246 \\ \hline Period 4 & 3.630 & 3.546 & 3.465 & 3.387 & 3.312 & 3.170 & 3.037 & 2.914 & 2.798 \\ \hline Period 5 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.791 & 3.605 & 3.433 & 3.274 \\ \hline Period 6 & 5.242 & 5.076 & 4.917 & 4.767 & 4.623 & 4.355 & 4.111 & 3.889 & 3.685 \\ \hline Period 7 & 6.002 & 5.786 & 5.582 & 5.389 & 5.206 & 4.868 & 4.564 & 4.288 & 4.039 \\ \hline Period 8 & 6.733 & 6.463 & 6.210 & 5.971 & 5.747 & 5.335 & 4.968 & 4.639 & 4.344 \\ \hline Period 9 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.759 & 5.328 & 4.946 & 4.607 \\ \hline Period 10 & 8.111 & 7.722 & 7.360 & 7.024 & 6.710 & 6.145 & 5.650 & 5.216 & 4.833 \\ \hline Period 11 & 8.760 & 8.306 & 7.887 & 7.499 & 7.139 & 6.495 & 5.938 & 5.453 & 5.029 \\ \hline Period 12 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 6.814 & 6.194 & 5.660 & 5.197 \\ \hline Period 13 & 9.986 & 9.394 & 8.853 & 8.358 & 7.904 & 7.103 & 6.424 & 5.842 & 5.342 \\ \hline Period 14 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.367 & 6.628 & 6.002 & 5.468 \\ \hline \end{tabular} Present Value of Annuity of $1

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

Students also viewed these Accounting questions