Question
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.) What is the future value of 24 periodic payments
Using the appropriate interest table, answer the following questions. (Each case is independent of the others.)
What is the future value of 24 periodic payments of $4,890 each made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
The future value | $enter the future value in dollars rounded to 0 decimal places |
What is the present value of $3,950 to be received at the beginning of each of 29 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
The present value |
What is the future value of 17 deposits of $3,030 each made at the beginning of each period and compounded at 10%? (Future value as of the end of the 17th period.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
The future value | $enter the future value in dollars rounded to 0 decimal places |
What is the present value of 6 receipts of $2,810 each received at the beginning of each period, discounted at 9% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
The present value | $enter the present value in dollars rounded to 0 decimal places |
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