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waht are these answers? having a lil trouble Exercise B-1 Present value of an amount LO P1 Mike Derr Company expects to earn 8% per
waht are these answers? having a lil trouble
Exercise B-1 Present value of an amount LO P1 Mike Derr Company expects to earn 8% per year on an investment that will pay $606,000 five years from now. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment Table Factor Present Value Future Value 606,000 X On January 1, a company agrees to pay $25,000 in three years. If the annual interest rate is 8%, determine how much cash the company can borrow with this agreement. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Table Factor Amount Borrowed Exercise B-3 Number of periods of an investment LO P2 Tom Thompson expects to invest $12,000 at 7% and, at the end of a certain period, receive $43,398. How many years will it be before Thompson receives the payment? (PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor Years years Exercise B-4 Interest rate on an investment LO P2 Bill Padley expects to invest $20,000 for 2 years, after which he wants to receive $22,472.00. What rate of interest must Padley earn? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Present Value Table Factor interest Rate % Exercise B-5 Future value of an amount LO P2 Mark Welsch deposits $6,300 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $6,300 plus earned interest must remain in the account 5 years before it can be withdrawn. How much money will be in the account at the end of 5 years? (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Table Factor Total Accumulation Exercise B-6 Future value of an amount LO P2 Catten, Inc., invests $155,170 today earning 8% per year for nine years. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the future value of the investment nine years from now. Present Value Table Factor Future Value Exercise B-7 Interest rate on an investment LO P3 Jones expects an immediate investment of $32,891.20 to return $8,000 annually for six years, with the first payment to be received one year from now. What rate of interest must Jones earn? (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Annuity Payment Table Factor Interest Rate Exercise B-8 Number of periods of an investment LO P3 Keith Riggins expects an investment of $122,596.20 to return $18,000 annually for several years. If Riggins earns a return of 12%, how many annual payments will he receive? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Annuity Payment Table Factor Annual Payments payments Exercise B-9 Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $7,300 cash and agreeing to make 20 monthly payments of $590 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan Table Values are Based on: Present Value of Loan Cash Down Payment Cost of the Automobile Exercise B-16 Future value of an annuity LO P4 Kelly Malone plans to have $46 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If Malone continues with her plan for one year, how much will be accumulated in the account on the date of the last deposit? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.) Poriodic Cash Flow Table Factor Total Accumulation Table Values are Based on: n Step by Step Solution
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