Question
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2016, of a five-period annual
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2016, of a five-period annual annuity of $4,100 under each of the following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) |
1. The first payment is received on December 31, 2017, and interest is compounded annually. Table or calculator function: Payment: ? n= ? i= ? PV - 12/31/2016: ? | |
2. | The first payment is received on December 31, 2016, and interest is compounded annually. |
| Table or calculator function: ? Payment: ? n= ? i= ? PV - 12/31/2016: ? |
3. | The first payment is received on December 31, 2017, and interest is compounded quarterly. |
| Depoosite date: 12/31/17, i=?, n=?, Deposit= $4100, PV - 12/31/16: ? Deposite date 12/31/18, i=?, n=?, Deposit=$4100, PV -12/31/16: ? Deposite date: 12/31/19, i=?, n=?, Deposit= $4100, PV- 12/31/16: ? Deposti date: 12/31/20, i=?, n=?, Depostie= $4100, PV - 12/31/16: ? Deposit date: 12/31/21, i=?, n=?, deposite=$ 4100, PV - 12/31/16: ? |
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