Homework Answers
please find below the solution.. let me know if you need any clarification..
correct answer is option : Future value of a annuity due of $1 table for the factor closed to 4.6667
Exp: we have 6000 and need to accumulate 28000. Therefore annuity factor required = 28000/6000 = 4.6667 and its Future value of annuity.
Add Answer to:
TB MC Qu. 5.4 (Static) You want to invest $6,000 annually beginning... You want to invest...
You want to invest $20,000 today to accumulate $32,000 for graduate school. If you can invest...
You want to invest $20,000 today to accumulate $32,000 for graduate school. If you can invest at an interest rate of 10% compounded annually. To find how many years will it take to accumulate the required amount, you would search the 10% column in the: O A) present value of $1 table, for the factor closest to 1.6. O B) future value of $1 table, for the factor closest to 1.6. present value of $1 table, for the factor closest...
please answer clear and correct Dr. Azad If you invest $50,000 to earn 896 Interest, which of the following compoun...
please answer clear and correct
Dr. Azad If you invest $50,000 to earn 896 Interest, which of the following compounding approaches would return the lowest amount after one year? A) Daily. B) Monthly. C) Quarterly Annually. • 2. Which of the following tables would show the smallest value for an interest rate of 5% for six periods? A) Future value of 1 B) Present value of 1 C) Future value of an ordinary annuity of 1 D) Present value of...
L06-4 Determining an Unknown Number of Periods (Class Activities #5) You want to invest $10,000 today...
L06-4 Determining an Unknown Number of Periods (Class Activities #5) You want to invest $10,000 today to accumulate $16,000 for graduate school. If you can invest at an interest rate of 10% compounded annually, how many years will it take to accumulate the required amount? Future value Present value ($10,000 ($16,000 i = 10%, n = ?
You have a savings account that earns 5% Interest, compounded annually. A friend has offered you...
You have a savings account that earns 5% Interest, compounded annually. A friend has offered you an investment opportunity, he says that if you invest In his new business, he will pay you $34,000 a year for the next five years. What is the maximum amount you would be willing to invest in your friend's business? (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV...
Suppose we want to find the future value of $6,000 invested at 8.5% compounded continuously for...
Suppose we want to find the future value of $6,000 invested at 8.5% compounded continuously for 7 years. ir mt A. Periodic Compound Interest: S = P(1+ – m / B. Continuously Compounded Interest: S = Pe” [(1 + 5)mt – 1] C. Future Value of an Ordinary Annuity: S = R || 11- D. Present Value of an Ordinary Annuity: P = R Il + 1. Choose the correct formula above for this scenario. - 2. What is the...
You are calculating the present value of $1,000 that you will receive five years from now. Which table will you use to...
You are calculating the present value of $1,000 that you will
receive five years from now. Which table will you use to obtain the
present value factor to calculate the present value of that
$1,000?
You are calculating the present
value of $1,000 that you will receive five years from now. Which
table will you use to obtain the present value factor to calculate
the present value of that $1,000? A. Present Value of Ordinary
Annuity of $1 B. Future...
Assume you want to invest a sum of money (hint: the present value) that you can...
Assume you want to invest a sum of money (hint: the present value) that you can use to withdraw $5 per year for the next 10 years (at the end of each year). Depending on the interest rates provided below, how much would you need to invest today? Round factors to four decimal places and present values to two decimal places. Use rounded PV values to calculate all totals. Using the Present Value of an Ordinary Annuity Table, with N...
Since the lease payments under a lease agreement are normally paid at the beginning of each...
Since the lease payments under a lease agreement are normally paid at the beginning of each period, the appropriate compound interest table to be used to determine the amount at which the right-of-use asset should be recorded is the: O Future value of an annuity due table. Present value of an annuity due table. O Present value of $1 table. O Ordinary annuity table.
10. Suppose you are going to receive $19,000 per year for 5 years. The appropriate interest...
10. Suppose you are going to receive $19,000 per year for 5 years. The appropriate interest rate is 9 percent. Requirement 1: (a) What is the present value of the payments if they are in the form of an ordinary annuity? (b) What is the present value if the payments are an annuity due? Requirement 2: (a) Suppose you plan to invest the payments for 5 years, what is the future value if the payments are an ordinary annuity?...
TVM Assignment Algoe expects to invest $2,100 annually for 25 years to yield an accumulated value...
TVM Assignment Algoe expects to invest $2,100 annually for 25 years to yield an accumulated value of $132,822.90 on the date of the lost investment For this to occur, what rate of interest must Algoe ear? PV of $1, FV of $1. PVA of S1, and FVA of $0) (Use appropriate factor(s) from the tables provided. Round Table Factor" to 4 decimal places.) Future Value Annuity Payment Table Factor Interest Rate
You want to invest $20,000 today to accumulate $32,000 for graduate school. If you can invest at an interest rate of 10% compounded annually. To find how many years will it take to accumulate the required amount, you would search the 10% column in the: O A) present value of $1 table, for the factor closest to 1.6. O B) future value of $1 table, for the factor closest to 1.6. present value of $1 table, for the factor closest...
please answer clear and correct
Dr. Azad If you invest $50,000 to earn 896 Interest, which of the following compounding approaches would return the lowest amount after one year? A) Daily. B) Monthly. C) Quarterly Annually. • 2. Which of the following tables would show the smallest value for an interest rate of 5% for six periods? A) Future value of 1 B) Present value of 1 C) Future value of an ordinary annuity of 1 D) Present value of...
L06-4 Determining an Unknown Number of Periods (Class Activities #5) You want to invest $10,000 today to accumulate $16,000 for graduate school. If you can invest at an interest rate of 10% compounded annually, how many years will it take to accumulate the required amount? Future value Present value ($10,000 ($16,000 i = 10%, n = ?
You have a savings account that earns 5% Interest, compounded annually. A friend has offered you an investment opportunity, he says that if you invest In his new business, he will pay you $34,000 a year for the next five years. What is the maximum amount you would be willing to invest in your friend's business? (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV...
Suppose we want to find the future value of $6,000 invested at 8.5% compounded continuously for 7 years. ir mt A. Periodic Compound Interest: S = P(1+ – m / B. Continuously Compounded Interest: S = Pe” [(1 + 5)mt – 1] C. Future Value of an Ordinary Annuity: S = R || 11- D. Present Value of an Ordinary Annuity: P = R Il + 1. Choose the correct formula above for this scenario. - 2. What is the...
You are calculating the present value of $1,000 that you will
receive five years from now. Which table will you use to obtain the
present value factor to calculate the present value of that
$1,000?
You are calculating the present
value of $1,000 that you will receive five years from now. Which
table will you use to obtain the present value factor to calculate
the present value of that $1,000? A. Present Value of Ordinary
Annuity of $1 B. Future...
Since the lease payments under a lease agreement are normally paid at the beginning of each period, the appropriate compound interest table to be used to determine the amount at which the right-of-use asset should be recorded is the: O Future value of an annuity due table. Present value of an annuity due table. O Present value of $1 table. O Ordinary annuity table.
TVM Assignment Algoe expects to invest $2,100 annually for 25 years to yield an accumulated value of $132,822.90 on the date of the lost investment For this to occur, what rate of interest must Algoe ear? PV of $1, FV of $1. PVA of S1, and FVA of $0) (Use appropriate factor(s) from the tables provided. Round Table Factor" to 4 decimal places.) Future Value Annuity Payment Table Factor Interest Rate
Most questions answered within 3 hours.
-
Outer Wear has 12,000 shares of stock outstanding. Each share
has a .5 warrant attached. These...
asked 15 minutes ago -
Interest revenue earned on held-to-maturity debt investments is
reported on the income statement in the ________...
asked 15 minutes ago -
For 46,400 Euros you can have a new Ferrari with a V-12
engine rated at 808...
asked 12 minutes ago -
How do i make a recursive binary search that compares two String
arrays in java?
asked 10 minutes ago -
The management of Mecca Copy, a photocopying center located on
University Avenue, has compiled the following...
asked 15 minutes ago -
"
Number Guessing Game
You should think of a number between 1 and
100. Then, over...
asked 19 minutes ago -
The _______ statement causes program control to proceed with the
first statement after the _______.
a....
asked 23 minutes ago -
Brass is an alloy of copper and zinc with smaller amounts of
lead, tin, and other...
asked 33 minutes ago -
Madelyn opened a retirement account with $20,000. The fund
pays 3.9% interest compounded monthly. Madelyn expects...
asked 30 minutes ago -
The next redox reaction occurs when elemental sulfur
reacts with dissolved oxygen to produce thiosulfate, S203...
asked 30 minutes ago -
Consider a country facing a constant opportunity cost PPF. This
country makes two goods, S and...
asked 34 minutes ago -
Given the following reaction mixtures and the reaction:
CH3COCH3 +
Br2 -- > CH3COCH2Br +
H+...
asked 41 minutes ago