Present and future value tables of $1 at 3% are presented below: N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.0300 0.9709 1.0000 0.9709 1.0300 2 1.0609 0.9426 2.0300 1.9135 2.0909 1.0000 1.9709 2.9135 3 1.0927 0.9151 3.0909 2.8286 3.1836 4 1.1255 0.8885 4.1836 3.7171 4.3091 3.8286 5 1.1593 5.3091 4.5797 5.4684 0.8626 0.8375 4.7171 6 1.1941 6.4684 5.4172 6.6625 5.5797 7 1.2299 0.8131 7.6625 6.2303 7.8923 6.4172 8 1.2668 0.7894 8.8923 7.0197 9.1591 7.2303 9 1.3048 0.7664 10.1591 7.7861 10.4639 8.0197 10 1.3439 0.7441 11.4639 8.5302 11.8078 8.7861 11 1.3842 0.7224 12.8078 9.2526 13.1920 9.5302 12 1.4258 0.7014 14.1920 9.9540 14.6178 10.2526 13 0.6810 1.4685 1.5126 15.6178 10.6350 16.0863 17.0863 10.9540 11.6350 17.5989 15 1.5580 0.6611 0.6419 0.6232 11 2961 11.9379 18.5989 19.1569 12 2961 16 1.6047 20.1569 12 5611 20.7616 12.9379 At the end of each quarter, Patti deposits $800 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years? $11,353.60 57.963.20 $11,694.24. 58,202.08 Bill wants to give Maria a $600,000 gift in seven years. If money is worth 6% compounded semiannually, what is Maria's gift worth today? $487,860. $373,920. $420,840. $396,660 Which of the following statements best explains the correct handling of depreciation on the statement of cash flows when using the indirect method? Depreciation expense is subtracted from net income because it causes a loss when the related plant asset is sold Depreciation expense is subtracted in the cash flows from investing activities section because it reduces the book value of the corresponding plant asset Depreciation expense is a non-cash expense that is added to net income to derive cash flows from operating activities. Depreciation expense adds to the company's Cash account to help pay for new equipment