Question
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, 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, 2018, of a five-period annual annuity of $2,300 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, 2019, and interest is compounded annually. 2.The first payment is received on December 31, 2018, and interest is compounded annually. 3.The first payment is received on December 31, 2019, and interest is compounded quarterly.
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Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $2,300 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, 2019, and interest is compounded annually. 2. The first payment is received on December 31, 2018, and interest is compounded annually. 3.The first payment is received on December 31, 2019, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2019, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) PVA of $1 Table or calculator function: Payment: $ 2,300 n = 5 12% PV - 12/31/2018: $ 8,291 Required 1 Required 2 > Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $2,300 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, 2019, and interest is compounded annually. 2. The first payment is received on December 31, 2018, and interest is compounded annually. 3.The first payment is received on December 31, 2019, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2018, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) PVAD of $1 Table or calculator function: Payment: $ 2,300 n = i = 5 12% 9,286 PV - 12/31/2018: Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $2,300 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, 2019, and interest is compounded annually. 2. The first payment is received on December 31, 2018, and interest is compounded annually. 3.The first payment is received on December 31, 2019, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2019, and interest is compounded quarterly. (Round your final answers to nearest whole dollar amount.) Deposit Date n = Deposit PV - 12/31/2018 2,044 1 X $ 13% X 13% X 2,300 2,300 2 x 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 3 X 2,300 13% X 13% X 1,816 1,613 1,433 4 x 2,300 13% X 5 X 2,300 1,274 8,180Step by Step Solution
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