Question
To determine the appropriate discount factor(s) using tables, click here to view Tables I, II, III, or IV in the appendix. Alternatively, if you calculate
To determine the appropriate discount factor(s) using tables, click here to view Tables I, II, III, or IV in the appendix. Alternatively, if you calculate the discount factor(s) using a formula, round to six (6) decimal places before using the factor in the problem. (Round your answers to the nearest dollar amount. Omit the "$" sign in your response.) |
Required: |
(a) | The future value of $30,000 invested at 8 percent for 10 years. |
Future value | $ |
(b) | The future value of eight annual payments of $2,000 at 9 percent interest. |
Future value | $ |
(c) | The amount that must be deposited today (present value) at 8 percent to accumulate $60,000 in five years. |
Present value | $ |
(d) | The annual payment on a 10-year, 6 percent, $50,000 note payable. |
Annual payment | $ |
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