Requiremeni Answer the following independent questions ceick the icon to virw the independent questions.) (Click the icon to viow the Future Value of \$1 table.) (Click the icon to viow the Present Value of \$1 table.) (Click the icon to view the Future Vahue of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Ordinary Annuity table (Cick the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of an Annuity Due table.) (Use the present yalue and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formil twe decimal places 000) a. You boronved 511,000 fruen a fiend and promised to repay the loan in ten equal anneal inataltents. Installments begin at the end of the first year. What are the annual payments would ike to ewn 7W annual interest compounded annualy? (Round your final answer to the nearest cent, $X.) The annual papments are b. Mackie Corporation has an outstanding debt of 5107.514 . Assume no interest wil accrue on the debt it has $80,000 to irwest in a fund earning 3% interest compounded annually aarn tinough money to pay back the debr? (Round your final answer to the nearest whole number, X ) It wil takie Mackiet y Hais to eam enough nioney to pay back the debt. c. Pek \& Co porchases fewelry from a supplier for 591.213 .22 . Peak uses a note to pay for the jewelry that requires the company to make nine annual payments of $14,000. Payme What inatest rate is used in this agreement? (Round your final answer to the nearest whole percent X% The intereat rate usedin thit agrement is d. Your pareats itish to accienulate 5240000 to purchase a summerhouse on the Jersey Shore in 9 years. They would like to make deposits into a fund eaming 10% interest compor the end of the firkt semi annuai period. Dofermine the semlannual deposits required to purchase the home (Round your final answer to the nearest cent: $XXX.) Your parepts must depozit Requiremeni Answer the following independent questions ceick the icon to virw the independent questions.) (Click the icon to viow the Future Value of \$1 table.) (Click the icon to viow the Present Value of \$1 table.) (Click the icon to view the Future Vahue of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Ordinary Annuity table (Cick the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of an Annuity Due table.) (Use the present yalue and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formil twe decimal places 000) a. You boronved 511,000 fruen a fiend and promised to repay the loan in ten equal anneal inataltents. Installments begin at the end of the first year. What are the annual payments would ike to ewn 7W annual interest compounded annualy? (Round your final answer to the nearest cent, $X.) The annual papments are b. Mackie Corporation has an outstanding debt of 5107.514 . Assume no interest wil accrue on the debt it has $80,000 to irwest in a fund earning 3% interest compounded annually aarn tinough money to pay back the debr? (Round your final answer to the nearest whole number, X ) It wil takie Mackiet y Hais to eam enough nioney to pay back the debt. c. Pek \& Co porchases fewelry from a supplier for 591.213 .22 . Peak uses a note to pay for the jewelry that requires the company to make nine annual payments of $14,000. Payme What inatest rate is used in this agreement? (Round your final answer to the nearest whole percent X% The intereat rate usedin thit agrement is d. Your pareats itish to accienulate 5240000 to purchase a summerhouse on the Jersey Shore in 9 years. They would like to make deposits into a fund eaming 10% interest compor the end of the firkt semi annuai period. Dofermine the semlannual deposits required to purchase the home (Round your final answer to the nearest cent: $XXX.) Your parepts must depozit
