Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

these are the tables Provided are links to the present and future value tables PV of $1. FV of $1 PVA of $1, and EVA

image text in transcribed
these are the tables image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Provided are links to the present and future value tables PV of $1. FV of $1 PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $64,000 in three years? Annual interest rate is 10% b. Assume that you are saving up for a trip around the world when you graduate in three years. If you can earn 6% on your investments, how much would you have to deposit today to have $18,000 when you graduate? (Round your answer to 2 decimal places.) 0-1. Calculate the future value of an investment of $774 for ten years earning an interest of 9% (Round your answer to 2 decimal places.) c-2. Would you rather have $774 now or $1,800 ten years from now? d. Assume that a college parking sticker today costs $92. If the cost of parking is increasing at the rate of 6% per year, how much will the college parking sticker cost in seven years? (Round your answer to 2 decimal places.) e. Assume that the average price of a new home is $132,500. If the cost of a new home is increasing at a rate of 7% per year, how much will a new home cost in eight years? (Round your answer to 2 decimal places.) f. An investment will pay you $13,000 in 9 years, and it will also pay you $360 at the end of each of the next 9 years (years 1 thru 9). If the annual interest rate is 5%, how much would you be willing to pay.today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.) 9. A college student is reported in the newspaper as having won $13,500,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $13.5 million now. Instead she will receive $675,000 at the end of the year for each of the next 20 years. If the annual interest rate is 7%, what is the present value (today's amount) that she won? (ignore taxes). (Round your answer to nearest whole dollar.) Present value Present value 0-1 Future value c-2. Would you rather have 5774 now or $1,800 ten years from now? d Future Value Future value Procent value 0 Present Value p=1/(1+iY TABLE B.1 Present Value of ** 12% Rate Periods 18 2x EX 7 9. 10% 15% 1 09901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 08696 2 0.9303 0.9612 09426 0.9246 0.9070 08900 0.8734 0.8573 0.8417 0.8264 0.7972 0.7561 0.9700 0.9422 09151 O 8890 0.8639 0.8396 0.8163 0.7939 0.7722 0.7512 0.7118 0,6575 4 0.9610 0.9238 OBRAS 0.8548 08222 0.7921 0.7629 0.7350 0.7084 0630 06355 0.5718 5 0.9515 09057 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 05674 0.4972 5 0.9420 ORD 0.8375 0.7903 0.7462 0.7050 0.6662 0.6302 0.593 05645 0 5066 0.4323 7 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 05470 05132 0.4523 0.3759 09235 08535 0.7894 0.7307 0.6768 0.6274 05820 05403 05019 04665 04039 0.3269 0910 0.8368 0.7664 0.7026 06446 0.5919 05439 05002 0.4604 0.4241 03606 0.2843 10 0.9053 0.8203 0.7441 0.6756 06129 0.5584 05083 0.4632 0.4224 0.3855 01220 0.2472 11 0896 0.8043 0.7224 0.5496 0.5547 05268 0.4751 04289 03875 0.3505 0.2875 0.2149 12 0.8874 0.7885 0.7014 0.6246 0.5668 0.4970 0.4440 0.3971 0.35SS 0.1186 0.2567 0.1869 08787 0.7730 0.6810 0.6006 05303 0488 0.4150 0.3677 0.3262 02897 02292 0.1625 0.8700 0.7579 0.6611 05775 05051 04423 0.3878 0.3405 0.2992 0.2633 0.2046 0.1413 15 028613 0.7430 0.6419 0.5553 0.4810 0.4173 0.3624 0.3152 0.2745 02394 1822 0.12.29 16 0.8528 0.7284 0.6232 05339 0.4581 0.3936 0.3387 0.2919 0.2519 0.2176 01631 0.1060 12 0314 0.7142 0.6050 0.5134 0.4363 0.3714 0.3166 0.2703 0.2311 0.1978 0.1456 0.0929 10 0.8360 0.2002 0.5874 0.4936 0.4155 0.3503 0.2950 0.2502 0.2120 0.1799 0.1300 00808 19 0.8273 0.6844 05703 0.4746 03957 0.3105 02765 0.2317 0.1945 0.1635 0.1161 0.0703 20 08195 0.6730 05537 0.4564 0.3769 0.3118 0.2584 0.2165 0.1784 0.1486 0.1037 0.0611 25 07798 0.6095 04776 0.3751 0.2953 0.2330 0.1842 0.1450 0.1160 0.0923 0.0588 0.0004 30 0.7419 0.5521 0.4120 0.3083 0.2314 0.1747 0.1314 0.0994 0.0754 0.0573 00334 0.0151 35 0.7059 05000 0.3554 0.2534 0.1813 0.1301 0.0937 0.0676 0.0190 0.0356 0.0109 0.0075 0.6717 04529 0.3066 0.2083 0.1420 00972 ODGB 00460 00318 0.0221 0.0107 0.0037 www. How would you need to demon in you 1252cm SOSYou won 1000 ABLE B.2 mure Value of 1 f=(1+1)" Rate Periods 2x 3% 6% 7% 8% 9% 10% 12% 15% 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 40 1.0000 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 1.2824 1 3478 1.4166 1.4889 1.0000 1.0200 1.0404 10612 1.0824 1.1041 1.1262 1.1487 1.1717 1.1951 1.2190 1.2434 1.2682 1.2936 1.3195 1.3459 1.3728 1.4002 1.4282 1.4568 1.4859 1.6406 1 8114 19999 22080 1.0000 1.0300 1.0609 1.0927 1.1255 1.1593 1.1941 1.2299 1.2668 1.3048 1.3439 1.3842 1.4258 1.4685 1.5126 1.5580 1.6047 1.6528 1.7024 1.7535 1.8061 2.0838 2.4273 2.8139 3.2620 1.0000 1.0400 1.0816 1.1249 1.1699 1.2167 1.2653 1.3159 1.3686 1.4233 1.4802 1.5395 1.6010 1.6651 1.7317 1 8009 1.8730 1.9479 20258 2.1068 2.1911 26658 3.2434 3.9461 4.8010 1.0000 1.0500 1.1025 1.1576 1.2155 1.2763 1.3401 1.4071 1.4775 1.5513 1.6289 1.7103 1.7959 1.8856 1.9799 2.0789 2.1829 2.2920 24066 2.5270 2.6533 3.3864 4.3219 5.5160 7.0400 1.0000 1.0600 1.1236 1.1910 1.2625 1.3382 1.4185 1.5036 1.5938 1.6895 1.7908 18983 2.0122 2.1329 2.2609 23966 2.5404 2.6928 2.8543 3,0256 3.2071 4.2919 5.7435 7.6861 10.2857 1.0000 10700 1.1449 1.2250 1.3108 1.4026 15007 1,6058 1.7182 1.8385 1.9672 2 1049 22522 24098 2.5785 2.7590 29522 3.1588 3.3799 3.6165 3.8697 5.4274 7.6123 10.6766 14.9745 1.0000 1.0800 1.1664 1.2597 1.3605 1.4693 1.5869 1.7138 1.8509 1.9990 2.1589 23316 2.5182 2.7196 2.9372 3.1722 3.4259 3.7000 3.9960 4.3157 4,6610 6.8485 10.0627 14.7853 21.7245 1.0000 1.0900 1.1881 1.2950 1.4116 1.5386 1.6771 1.8280 1.9926 2. 1719 2.3674 25804 2.8127 3.0658 33417 3.6425 3.9703 43276 47171 5.1417 5.6044 8.6231 13.2677 20.4140 31.4094 1.0000 1.1000 1.2100 1.3310 1.4641 1.6105 1.7716 1.9487 2.1436 2.3579 2.5937 2.8531 3.1384 3.4523 3.7975 4.1772 4.5950 5.0545 5.5599 6.1159 6.7275 10.8347 17.4494 28. 1024 45.2593 1.0000 1.1200 1.2544 1.4049 1.5735 1.7623 1.9738 2.2107 2.4760 2.7731 3.1058 3.4785 3.8960 4.3635 4.8871 5.4736 6.1304 6.8660 7.6900 8.6128 9.6463 17.0001 29.9599 52.7996 93.0510 1.0000 1.1500 13225 1.5209 1.7490 20114 23131 26600 3.0590 3.5179 40456 4.6524 5.3503 6,1528 7,0757 8.1371 9.3576 10.7613 12.3755 14.2318 16.3665 32.9190 66 2118 133.1755 267.8635 Med put the future value of a known pement For sale What is the accumulated value of 3.00 invited today at 86 compounded quarterly for 5 year? Uning teen 2020 yuarterly periods and a quarterly in of 25).the factor is 1 4850. The accumulation value in 54,45770653000x1499) (1 + 1* TABLE B.3: Present Value of an Annuity of 1 Rate Periods 2x 4% 6% 8% 9% 10% 12% 15% 1 2 3 4 5 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 40 0.9901 1.9704 2.9410 3.9020 4.8534 5.7955 6.7282 7.6517 8.5660 9.4713 10.3676 11.2551 12.1337 13.0037 13.8651 14.7179 15.5623 16.3983 17.2260 18.0456 22.0232 25 8077 29.4086 32.8347 0.9804 1.9416 28839 3.8077 4.7135 5.6014 6.4720 7.3255 8.1622 8.9826 9.7868 10.5753 11.3484 12.1062 12.8493 135777 14.2919 14.9920 15.6785 16.3514 19.5235 22.3965 24.9986 27.3555 0.9709 1.9135 28286 3.7171 4.5797 5.4172 6.2303 7,0197 7.7861 8.5302 9.2526 9.9540 10.6350 11.2961 11.9379 12.5611 13.1661 13.7535 14.3238 14.8775 174131 19.6004 214872 23.1148 0.9615 1.8861 27751 3.6299 4.4518 5.2421 6.0021 6.7327 7.4353 8.1109 8.7605 9.3851 9.9856 10.5631 11.1184 11.6523 12.1657 12.6593 13.1339 13,5903 15.6221 17.2920 18.6646 19.7928 0.9524 1.8594 2.7232 3.5460 4.3295 5.0757 5.7864 6.4632 7.1078 7.7217 8.3064 8.8633 9.3936 9.8986 10.3797 10.8378 11.2741 11.6896 12.0853 12.4622 14.0939 15.3725 16,3742 17.1591 0.9434 1.8334 2.6730 3.4651 4.2124 4.9173 5.5824 6.2098 6.8017 7.3601 7.8869 8 3838 8.8527 9.2950 9.7122 10.1059 10.4773 10.8276 11.1581 11.4699 12.7834 13.7648 14.4982 15.0463 0.9346 1.8080 26243 3.3872 4.1002 4.7665 5.3893 5.9713 6.5152 70236 7.4987 7.9427 8.3577 8.7455 9.1079 94466 9.7632 10.0591 10.3356 10.5940 11.6536 12.4090 12.9477 13.3317 0.9259 1.7833 2.5771 33121 3.9927 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.5595 8.8514 9.1216 9.3719 9.6036 9.8181 10.6748 11.2578 11.6546 11.9246 0.9174 1.7591 25313 3.2397 3.8897 4.4859 5.0330 5.5348 5.9952 6.4177 6.8052 7.1607 7.4869 7.7862 8.0607 8.3126 8.5436 8.7556 8 9501 9.1285 9.8226 10.2737 10.5668 10.7574 09091 1.7355 2.4869 3.1699 3.7908 4.3553 4.8684 5.3349 5.7590 6.1446 6.4951 6.8137 7.1034 7.3667 7.6061 7.8237 8.0216 8.2014 8.3649 8.5136 9.0770 9.4269 9.6442 9.7791 0.8929 1.6901 24018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 6.8109 6.9740 7.1196 7.2497 7.3658 7.4694 7.9431 80552 8.1755 8.2438 08696 1.6257 22832 28550 3.3522 3.7845 4.1604 4.4873 4.7716 5.0188 5.2337 5.4206 5.5831 5.7245 5.8474 5.9542 6.0472 6.1280 6.1982 6.2593 6.4641 6.5660 6.6166 6.6418 de calculate the value of sofequal putem made at the end of each period. For example: What is the prin value of $2.000 per year for 10 years aming an med For 10.1.the Pacis 64177.52.0 per year for 10 years is the equivalent of 12.335 to 52000 x 6 4177) = 1 +1 -1] TABLE B.4 Future Value of an Annuity of 1 Rate 3 10 10000 10000 1.0000 20160 220 2000 30001 3CEO 30000 004 216 1836 1010 5.2040 53091 61520 6061 6684 12 734 17664 2267 65830 88923 9365 2.60 1591 16 22 10.9997 11.4639 48 12.166) 2078 126 3.42] 14.1920 30 E601 15.6176 11974 6 970 110000 16. CNA 1934 8598 10603 01-09 300 0 012 21.66 0534) 3 123456 1) 22074 870 2 24 20:49 TE FEST 75E- 99021 000 10000 11.0000 10000 (1,0000 20100 12.0500 0600 000 31216 31525 31836 32149 12465 13101 43746 399 54163 5.5256 5.637 5 7507 66330 69 6.9753 7.1513 78923 81420 1938 SAN 92142 9561 9975 10259 0 5429 11.02Fb 11.4913 1970 12006 2.5779 13.180 13.164 13.48EM 14.2068 1971 5.T63 150258 159171 6. 8699 17.130 1 2006 18 2016 1959 21.2151 22.1505 200236 21.576 23.2760 151290 21 824165 ? 279 269 75 8404 2012 30.8402 25464 2N 1124 0057 33 900 276112 5390 3 TRIDO 37.3190 2017 330CM 360 0 0955 || CASS DF27 45 63.2490 61386 100MB 94ER 0.70 11.43 1759 5,025 120 7986 1547670 19651 1,0000 10800 32464 4506 SBF66 13350 89276 16.6366 12.476 14486 16.6455 1977 21 499 29 2012 30 247 33 102 37462 11.163 576270 | 31069 17617 31 2007 10000 1.000 10000 20000 21000 21200 32761 33100 32744 5731 46410 a7793 19647 EDE 1 6528 15:37 77156 8.1152 10 94072 10.0690 10269 11.4369 12.29] 190210 11.5% 14.775/ 15 1929 15.9374 19548 175603 312 0 1407 213843 24 133 2295) 5227 28 0204 0192 27.97 27 03600 1. PT95 372797 3034 5. 0497 2.75] 36.917 0 FAM7 837 101 55 7197 096 11-01 14.39] 51.1601 750 2674 8. 7000 07 2010 105 161024112 216 10 21024 1916 337824 4525926767,0014 Oooo 21500 34725 494 6.7424 853) 11FFB 13.7268 16.7856 2010 24.3.93 29.0017 30 119 O TOM) 200 7 075 71 43 2118 102445 200 a34 7451 1170 779 (0 15 9 Matendo chumple Whut the future of a year THE AI IT 119 14) 201141 ) 2011 1999

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Essentials Of Internal Auditing CIA Part 1 2021

Authors: Muhammad Zain

1st Edition

B09B36MRH2, 979-8542949130

More Books

Students also viewed these Accounting questions

Question

What are the limitations of forward markets?

Answered: 1 week ago

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago