You have decided to buy a used car. The dealer has offered you two options: (EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) a. Pay $530 per month for 20 months and an additional $12,000 at the end of 20 months. The dealer is charging an annual interest rate of 24%. b. Make a one-time payment of $15,392, due when you purchase the car. 1-a. Determine how much cash the dealer would charge in option (a). (Round your answer to 2 decimal places.) 1-b. In present value terms, which offer is clearly a better deal? 1-a. Present value 1-b. Which offer is clearly a better deal? You have just won the state lottery and have two choices for collecting your winnings. You can collect $106,000 today or receive $21,000 at the end of each year for the next seven years. A financial analyst has told you that you can earn 9% on your investments. Required: 1. Calculate the present value of both the options (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar.) Present Value Option 1 Option 2 The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $200,200 per year for the next 10 years and an additional $2.002,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest. (FV of $1. PV of S1, FVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the liability that would be recorded by Jenkins. (Round your answer to the nearest whole dollar.) Present value 25 0923 Present Value of Annuity of $1 Periods 1.05 0.2010 197040 2.94099 3.90197 4.85343 5.79548 6.72819 765168 362 9.47130 099039 1.94156 2RRES 3.80773 -4.71346 5.60143 6.47199 7.32548 8.16224 8.98259 0.97087 191347 2.32861 371710 4.57971 541719 623028 7,01969 7 78611 8.53020 0.96385 189287 27831 365138 4.48326 5.28507 6.05790 6.80280 753077 8.21279 0.96154 1 2.77509 362990 445182 5.2014 6.00205 6.73274 7.43530 8.11090 0.95923 187935 275190 3.60851 4.42073 519974 590699 6657 7.35135 8.01089 272125 354595 4.32948 507569 578637 6.65121 7.10782 7.72173 09040 1319 267301 346511 4.21236 4.91732 5.58233 0.93458 1.80802 262432 1721 4.10020 4.76654 5.38929 597130 6.51523 7.02358 6.80169 7.36009 30 3.755 6.25% 7.03 8.75048 10641 8.64354 9.25039 9.63251 Present Value of Annuity of $1 Periods 1.0% 2.0% 10.36763 9.78585 11.25500 10.57534 12.13374 11.34837 13.00370 12.10625 13.85505 12.84926 14.71787 13.57771 15.56225 14.29187 16.39827 14.99200 17.22501 15.67846 18.04555 16.35143 22.02316 19.52346 25.80771 22.39646 9.25262 9.95400 10.63496 11.29607 11.93794 12.56110 13.16612 13.75351 1432380 1457747 1741315 19.60044 37979 9.52209 10.14235 10.73962 11.31530 11.87017 12.40498 12.92045 13.41731 13.29620 16.04320 17.82925 886325 9.39357 9.09054 10.37966 10 83777 1127407 9.98565 10.56312 11.11839 11.65230 12.16 12.55930 13 14 13.59033 15.62200 17.29203 10.39090 1092652 11.44031 11.93315 12.40590 12 1324 15.21734 16.77902 8852 929498 9.71225 10.10590 10.47720 10.82750 11.15812 1146992 12.78336 13.75483 794269 35755 874547 9.10791 9.44555 9 75122 10 05909 10.11550 10.59401 1165058 12.40904 12.08532 12.46221 14.09394 15.37245 Present Value of Annuity of $1 Periods 8.0 10.09 11.0 120 140 087719 154656 2.32153 2911 ORE 152778 2 10648 0 30000 14400 195200 236160 162571 2 28323 285198 235216 258813 3.16987 3.79029 02925 1005 2.40183 3.03735 360478 411141 456376 46764 1.78326 1.75911 257710 253129 3.31213 3.23972 3.99271 388965 46223 5 20637 5.03295 514614 5.5342 9 624629 599525 106.71000 6.41766 Present Value of Annuity of 51 Periods 30 9.0% 1 215115 297447 151723 399755 442251 10308 SORO 1729 24071 3.10205 3.69590 423054 471220 5.16512 5.53705 5.80 2.99061 295142 116114 47 16045 2 5 3393 579902 6 14057 513166 5.42024 477158 5.01877 403097 4.19247 5.65022 5.21612 3.57050 10.ON 12 13 20.0% 680519 7.16073 7.400 7.78615 42706 4.40922 681 7.10336 7 6.20652 6.45236 6. 60187 7. 1907 7.37916 754879 5.93770 6.16 662355 662817 681086 6.97399 7.11953 724957 612181 630249 71396 750 7.90078 8.24424 8.55948 8.85137 9.12164 9.37189 960300 981815 10.67478 1125778 5.66029 5 54235 6.00307 614217 806069 31256 8.54363 8.75563 395011 5.23371 5.00 SS15 5.7248 5.84737 595423 604716 512792 19823 625933 606415 6.56598 782371 802155 20141 3.72512 3.78019 382408 3.85926 338741 390990 3.92794 394235 4 51057 4.67547 4.72956 477463 431219 434150 4309 4.94759 497894 6.32 552213 982258 1027365 ES 907704 9.42691 780829 7.96333 8.42174 8.6937) 7.34314 05518 7.49545 700165 3.98489 3.99505 2.0% 100000 2,03750 111391 4.23058 5.38933 100000 2.04000 312150 Future Value of Annuity of $1 Periods 1.09 1.00000 201000 3.03010 406040 5.10101 6.15202 7.21354 8.28567 9.36853 10 66221 Future Value of Annuity of $1 Periods 1.05 100000 2.02000 306040 4.12161 5 20404 6.30812 7.43428 8.58297 9.75463 10.94972 100000 203000 309090 4.18363 5.30914 606841 7.66246 8.89234 10.15911 11.46388 100000 204250 312931 426230 5.44345 667400 7.95843 9.29671 10.69182 12.14622 100000 205000 315250 431013 5.52563 6.80191 100000 2.06000 318360 437462 5.63709 697532 09184 9.89747 5.41632 661290 100000 207000 3.21490 4,43994 5.75074 7.15329 8.65402 10.25980 11.97799 13.81645 8.14201 783851 9.13255 10.47503 11.86784 9.21423 1058280 12.00611 9.54911 1102655 125729 11.49112 1318079 3.0 3.75 6.25% 7.09 11 56683 1268250 13.80933 14.94742 16 09690 17.25786 18.43044 19.61475 20.81090 22.01900 28.24320 3473489 Future Value of Annuity of $1 Periods 80% 12.16872 13.41209 14.68033 15.97394 17.29342 18 69929 20. 01207 21.41231 22.84056 24.29737 32.03030 40.56808 12.80780 14.19200 15 61779 17.08632 18.59891 20.15688 21.76159 23.41444 25.11687 26.87037 36.45926 457542 13.3123 14.81212 16.3757 17.98135 19.65565 21.39274 23.19497 25.06478 27.00471 29.01739 40.27112 53.79924 1105 15.02581 16.62684 18.29191 20.02359 21.82453 23 69751 25.64541 27.67123 2977808 41.64591 56.08454 13.66244 15.24309 16.89092 18.60879 20.39966 22.26665 24 21290 25.24200 2015732 30.56250 43.07648 53.40553 14 20679 15 91713 127120 19.59863 21.57856 23.65749 2584037 28.13238 30.53900 33.06595 47.72710 6.43835 1497164 15094 18 R214 21.01507 23.27597 25.67253 28. 21288 30.90565 33.75999 36.78559 54.85451 79.05819 15.78350 17.88845 2014054 2255049 25. 12902 278805 3034022 33.99903 37.37896 40.99549 63.24904 94.45079 SON 10.0 11.05 12.05 13.0% 14.ON 15.0% 20.0% 25.05 100000 2.08000 3.24540 450611 586660 7.33593 8.92280 10.63663 1248756 1448556 100000 209000 3.27810 4.57313 5.98471 752333 9.2004 11.02847 1302104 15.19293 1 00000 210000 3.31000 4.64100 610510 7.71561 9.48717 11.4359 13.57948 15.93742 100000 2 11000 3.34210 4.70973 6.22780 791286 9.78327 11 85943 14.16397 1672201 100000 2.12000 3.31440 77933 635285 811519 10.0890 100000 2.13000 3.40690 RO 648027 8.32271 10.40466 12.75726 15.41571 18.41975 100000 214000 3.43960 4.92114 6.61010 853552 10.73049 1321276 16.08535 19.33730 100000 1.00000 2.15000 220000 3.47250 354000 499337 5.36800 674238 744160 8.75374 9.92992 11.066801291590 13.72682 16.4990 16.78584 20.79890 20.30372 25.95868 1.00000 2.25000 3.81250 5.76563 8.20703 11.25879 15.07349 19 34186 25.80232 33.25290 1477566 17.56874 Future Value of Annuity of $1 Periods 9.0% 10.0 11.05 12.05 13.0 15.0% 20.0% 15.05 16.64549 18.97713 21.49530 24 21492 27.15211 30.32428 33.75023 37.45024 41.44626 45.76196 73.10594 11328321 17.56029 2014072 2295338 26.01919 29.36092 33.00340 3697370 4130134 46.01846 51.16012 84 70090 136,30754 18.53117 1956143 21.38428 22.71319 2452221 26.21164 27.97498 30.09492 3177248 34 40536 35.94973 39.18995 40.54470 4450084 45.59917 51.15909 5693949 57.27500 64.20283 98 34706 11441331 164 49402199.02061 20 65458 2181432 2104452 2413313 25 65018 27 27075 28.02911 2998470 32.08865 32.39250 3488271 37.58107 37.27971 4041746 4384241 42.75328 46.67173 50.98035 8157 53.73906 5 11760 55 34971 61.72514 6839407 53958 7074941 78.96923 7205244 80.94683 91.02493 11133387 155 61956 181.87083 24139242919122356716 24.34928 32.15042 256613 29.00167 39.58050 54.20766 34 15192 49660 68.75958 40.50471 59.19592 86.94947 47.58041 72.03511 109.68684 5571747 87.44213 1 38.10855 6507509 105.93056 173.63568 7583636 128.11667 218.04060 88 21181 15474000 273 55576 102.44358 19663800 342.94470 212.79302 471.981081054.79118 4 34.745151181.83157 3227.17427 25% 7.05 Present Value of $1 Periode 1.03 3.75% 0.99010 0.98030 0.97059 096098 0.95147 0.94205 0.93272 092349 0.91434 0.90529 098039 0.96117 0.94232 0.92385 0.90573 0.88797 0.87056 0.85349 083676 0.82035 0.97087 0.94260 091514 0.88849 0.86261 0.83748 0.81309 0.78941 0.76642 0.74409 0.96386 0.92902 0.89544 0.86307 0.83188 0.80181 0.77283 074490 0.71797 0.69202 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069 0.70259 0.67556 0.95923 0.92013 0.88262 0.84663 0.81212 0.77901 0.74725 0.71679 0.68757 0.65954 0.95233 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 6.0% 0.94340 0.89000 031962 0.79209 0.76726 0.70496 0.66506 0.62741 0.59190 0.55839 0.93458 0.873.44 0.81630 026290 0.71299 066634 0.62275 0.58201 054393 0.50835 Present Value of $1 Periods 1.0% 10% 3.09 3.75% 4.09 0.66701 0.64290 0.61966 0.59726 0.57568 0.55487 0.89632 0.88745 0.87866 0.86996 0.86135 0.85282 0.84438 0.83602 0.82774 0.81954 0.77977 0.74192 Present Value of $1 Periods 8.0% 0.80426 0.78849 0.77303 0.75788 0.74301 0.72845 0.71416 0.70016 0.68543 0.67297 0.60953 0.55207 0.72242 0.70138 0.68095 0.66112 0.64186 062317 0.60502 0.58739 0.57029 055368 0.47761 0.41199 064958 062450 060057 057748 0.55526 053391 0.51337 0.49363 0.47464 0.45639 0.37512 0.30832 0.63265 0.60686 0.58212 0.55839 0.53562 0.51379 0.49284 0.47275 0.45348 0.43499 0.35326 0.28689 0.58468 0.55684 0.53032 0.50507 0.48102 045811 0.43630 0.41552 0.39573 0.37689 0.29530 0.23138 0.52679 0.49697 0.46884 0.44230 0.41727 0.39365 0.37136 0.35034 0.33051 0.31180 0.23300 0.17411 0.47509 0.44401 0.41496 0.38782 0.36245 0.33873 0.31657 0.29586 0.27651 0.25842 0.18425 0.13137 0.53481 0.51548 0.49685 0.47889 0.39838 0.33140 11.0% 12.05 13.0% 14.ON 15.09 20.0% 25.0% 0.92593 0.85734 0.79383 0.73503 0.68058 0.63017 0.58349 0.54027 0.50025 0.46319 0.91743 0.84168 0.77218 0.70843 0.64993 0.59627 0.54703 0.50187 0.46043 0.42241 0.90909 0.82645 0.75131 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 038554 0.90090 0.81162 0.73119 0.65873 0.59345 0.53454 0.48166 0.43393 0.39092 0.35218 0.89286 0.79719 0.71178 0.63552 0.56743 0.50663 0.45235 0.40388 0.36061 0.32197 0.88496 0.78315 0.69305 0.61332 0.54276 0.48032 0.42506 0.37616 0.33288 0.29459 0.87719 0.76947 0.67497 0.59208 0.51937 0.45559 0.39964 0.35056 0.30751 0.26974 0.86957 0.75614 0.65752 0.57175 0.49718 0.43233 0.37594 0.32690 0.28426 0.24718 0.83333 0.69444 0.57870 0.48225 0.40188 0.33490 0.27908 0.23257 0.19381 0.16151 0.80000 0.54000 0.51200 0.40960 0.32758 0.26214 0.20972 0.16777 0.13422 0.10737 Present Value of $1 Periods 8.0% 9.05 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 20.0% 25.0% 0.42888 0.39711 0.36770 0.34046 0.31524 0.29189 0.27027 0 25025 0.23171 0.21455 0.14602 0.09938 0.38753 0.35553 0.32618 0.29925 0.27454 0.25187 0.23107 0.21199 0.19449 0.17843 0.11597 0.07537 0.35049 0.31863 0.28966 0.26333 0.23939 0.21763 0.19784 0.17986 0.16351 0.14864 0.09230 0.05731 0.31728 0.28584 0.25751 0.23199 0.20900 0.18829 0.16963 0.15282 0.13768 0.12403 0.07361 0.04368 0.28748 0.25668 0.22917 0.20462 0.18270 0.16312 0.14564 0.13004 0.11611 0.10367 0.05882 0.03338 0.26070 0.23071 0.20416 0.18068 0.15989 0.14150 0.12522 0.11081 0.09806 0.08678 0,04710 0.02557 0.23662 0.20756 0.18207 0.15971 0.14010 0.12289 0.10780 0.09456 0.08295 0.07276 0.03779 0.01963 0.21494 0.18691 0.16253 0.14133 0.12289 0.10686 0.09293 0.08081 0.07027 0.06110 0.03038 0.01510 0.13459 0.11216 0.09346 0.07789 0.06491 0.05409 0.04507 0.03756 0.03130 0.02608 0.01048 0.00421 0.08590 0.06872 0.05498 0.04398 003518 0.02815 002252 0.01801 0.01441 0.01153 0.00378 0.00124 Future Value of $1 Periods 3.755 6.755 5.0 6.04 7.0% 1.01000 1.02010 1.03030 1.04060 1.05101 1.06152 1.07214 1,08286 1.09369 1.10462 1.02000 1.04040 1.06121 1.08243 1.10408 1.12616 1.14069 1.17166 1.19509 121899 103000 106090 1 09273 1.12551 1.15927 1.19405 1.22987 1.26677 1.30477 1.34392 103750 107641 111677 1.15865 1.20210 124718 1.29395 1.34247 1.39281 1.44504 1.04000 1.08 160 1.12486 1.16986 1.21665 1.26532 1.31593 1 35857 1.42331 1.48024 100250 108681 111300 1.18115 127135 12 1.33824 1.39511 145400 151621 105000 110250 1.15763 121551 127628 1.34010 100710 147746 1.55133 159889 106000 1.12060 1.19102 1.26243 13120 141852 1 50353 1.59235 1.68948 1908S 107000 1.14490 1.22504 1.31080 1.40255 1.50073 160573 171819 183846 1.96715 30% 3.79 6.25% 50% 5.0% 7.0% Future Value of $1 Periods 1.11567 1.12683 1.13809 1.14947 1.16097 1.17258 1.18430 1.19615 1 20811 1.22019 1.2020 134785 124937 1.26824 129361 1.31948 1.34587 137279 1.40024 1.42825 1.45681 1.48595 1 64061 131136 1.38423 1.42575 146853 1.51259 1.55797 160471 165285 1.70240 1.75351 180611 209378 242726 1.49923 1.55545 161378 167430 173209 180223 186981 193993 2.01268 208815 251017 3.01747 1.53945 160103 1.66507 1.73168 180094 187298 1.94790 202582 2.10685 219112 2.66584 3.24340 1.58065 164783 1.71786 179097 166 190533 2.02905 211529 220519 220891 283075 3564 171014 17586 188565 197993 2.07893 210287 2.29202 240662 252695 265330 3.30635 32194 129000 201220 2.13293 2.26090 2239655 254035 269277 2.85434 3.02560 3.20714 429187 57649 210485 225219 2 40985 257853 2.75903 295216 3152 3.37993 3.61653 386968 5.42743 761225 Future Value of $1 Periods 8.0% 11.0% 12.0% 13.05 14.0 15.0 20.0% 25.05 1.14000 1 20000 14000 1.72800 207350 1 154 1.09000 1.18810 129503 1.41158 1.53862 167710 182804 199256 2.17189 2.36736 1.10000 1.21000 1 30100 146410 1.61051 1.77156 1.11000 1.23210 1.36763 151807 1.68506 1.87041 2.07616 230454 2.55804 2.83942 1.12000 125440 1.40493 157352 1.76234 1.97382 2.21068 2.47596 2.77308 3.10585 111000 127690 144290 163007 13044 208195 235251 265844 3.00404 3.39057 1. 15000 1.32250 152088 170901 201136 231306 2.65002 3.05902 25178 404556 192541 21949 290227 285259 325195 370722 1.56250 1.95313 2.44141 3.05176 3.81470 4.75837 596065 7.45058 9.31323 194872 15018 42900 5.15978 619124 2.35795 2.59374 1.08000 1.16640 1.25971 1.36049 1.46933 1.58687 1.71382 1.85093 1.99900 2.15892 Future Value of $1 Periods 8.0% 2.33164 12 2.51817 13 271962 299719 3.17217 3.42594 3.70002 3.99602 431570 4.66096 6.84848 10.06266 9.09 10.0 11.09 12.0% 14.05 15.05 20.0% 25.09 3835 2.85312 313843 2.58043 2.81266 3.06580 3.34173 3.64248 3.97031 4.32763 4.71712 5.14166 5.60441 8.62308 13.26763 2.79750 4.17725 459497 5.05447 5.55992 6.11591 6.72750 10.83471 17.44940 3.15176 3.49845 3.68328 431044 4.78459 5.31089 5.89509 654355 7.26334 8.05231 13.58546 22.89230 3.47855 3.89598 416349 711 5.47357 6.13039 6.86604 768997 8.61276 964629 17.00006 29.95992 433452 301 553475 5.25427 706733 78508 902422 10.19742 11 52309 21.23054 3.11590 422623 41 5.49241 5.25135 7.13794 813725 927645 10 57517 12.05569 0 174940 26.46192 5 095016 465239 535025 6.15279 707571 8. 13705 9.35262 10.75126 12.37545 14.23177 1636654 32.91895 6 6.21177 74300811 54153 391610 1455192 10.699.02 18 18989 12.83918 22273737 15.40702 28.42171 184884335 52714 22.18611 44.40892 25.62333 55.51115 31.94800 6938894 3337760 86 73617 95.3962226469780 237.37631 807.79357 %D83