Question

Question 1 View Policies Current Attempt in Progress Usire the appropriate interest table.answer each of the followine questions. Each case is independent of the others! Click here to view factor tables What is the future value of $7.980 at the end of 9 periods at % compounded interest Round factories to 5 deomal places, eg. 1.25124 and final answer to dea mai places, eg. The future value $ eTextbook and Media Click here to view factor tables What is the present value of $7.960 due periods hence, discounted at o'? Round fachar values to decimal places, ce 1.25124 and val answer to decimal places, . 459.591. The present value $ eTextbook and Media Click here to view factor tables What is the future value of 1. periodic payments of $7.960 each made at the end of each period and compounded at 10% Hound factor walues to decimal places. c. 2.25 124 and final answer to decimal places. c.9.458,581 The future Value $ cTextbook and Media Click here to view factor tables What is the present value of $7,960 to be received at the end of each of 20 periods, discountedat 5% compound interest Round factor was to deal places. 9. 2.25724 and final aww to deal places.c.4.458,581. The present value $ cTextbook and Media

Answer 1

$ Solution 1. Present Value Time Rate of Interest 7,960.00 8 years 8% per year Future Value Present Value x Future Value factor ( time, rate) $7960 x FV factor ( 8,8%) $7960 x 1.85093 $ 14,733 $ Solution 2. Future Value Time Rate of Interest 7,960.00 8 years 6% per year Present Value Future Value x Present Value factor ( time, rate) $7960 x PV factor ( 8,6%) $7960 x 0.70496 $ 5,611 $ Solution 3. Annuity Value Time Rate of Interest 7,960.00 16 years 10% per year Future Value Annuity x Future Value annuity factor ( time, rate) $7960 x FV Annuity factor ( 16,10%) $7960 x 35.94973 $ 2,86,160 $ Solution 4. Annuity Value Time Rate of Interest 7,960.00 20 years 5% per year Present Value Annuity x Present Value annuity factor ( time, rate) $7960 x PV Annuity factor ( 20,5%) $7960 x 12.46221 $ 99,199

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