Homework Answers
Solution
Determination of the present value of $32,100 to be received five years, if market rate is 6% compounded annually:
Present value = future value x (P/F, i, n)
Market rate of interest, i = 6%
Period, (compounded annually) n = 5
Future value = $32,100
Present value = 32,100 x (P/F 6%, 5)
From the given table, (P/F, 6%, 5) = 0.74726
Present value = 32,100 x 0.74726 = $23,987.05
Add Answer to:
Use the following table to answer the question. 6% Periods 5% 7% 10% 0.95238 0.94340 0.93458...
answer please Using the following table, what is the present value of $15,000 to be received...
answer please
Using the following table, what is the present value of $15,000 to be received in 10 years, if the market rate is 59 compounded annually? Periods 7% 5% 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 6% 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.55840 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 10% 0.90909 0.82645 0.75132 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.38554
Using the following table, what is the present value of $30,000 to be received in seven...
Using the following table, what is the present value of $30,000 to be received in seven years. If the market rate is 10% compounded annually Round to the nearest whole number. Periods 5% 7% 104 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 3 0.86384 0.83952 0.81630 0.75132 0.82270 0.79209 0.76290 0.68301 5 0.78353 0.74726 0.71299 0.62092 6 0.74622 0.70496 0.66634 0.56447 7 0.71068 0.66506 0.62275 0.51316 0.67684 0.62741 0.58201 0.46651 9 0.64461 0.59190 0.54393 0.42410 10 0.61391...
Using the following table, what is the present value of $54,900 to be received in six...
Using the following table, what is the present value of $54,900 to be received in six years, if the market rate is 7% compounded annually Round to the nearest whole number Periods 79 104 1 0.95238 0.93458 2 0.90703 0.94340 0.89000 0.83962 0.87344 0.81630 0.90909 0.82545 0.75132 0.68301 3 0.86384 4 0.82270 5 0.78353 0.79209 0.74726 0.70496 0.66506 0.62741 0.74622 0.76290 0.71299 0.66634 0.62275 0.58201 0.62092 0.56447 7 0.51316 0.71068 0.67684 8 0.46651 0.54393 0.42410 0.64451 0.61391 0.59190 0.55840 10...
(rounded to nearest dollar). Use the following table, if needed. The present value of $19,000 to...
(rounded to nearest dollar). Use the following table, if needed. The present value of $19,000 to be received in one year, at 6% compounded annually, is Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12 1 0.95238 0.94340 0.93458 0.909090.89286 0.90703 0.89000 0.87344 0.82645 0.79719 0.86384 0.83962 0.8160 0.75132 0.71178 0.82270 0.79209 0.76290 0.68301 0.6.1552 0.78353 0.74726 0.71299 0.62092 0.56743 0.74622 0.70496 0.66634 0.56447 0.50663 0.71068 0.66506 0.62275 0.51316 0.45235 0.67684 0.62741 0.58201 0.46651 0.40388 9...
The present value of $40,000 to be received in two years, at 12% compounded annually, is...
The present value of $40,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.95238 0.90703 0.86384 0.82270 0.78353 0.94340 0.89000 0.83962 0.79209 0.74726 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 0.909090.89286 0.82645 0.79719 0.75132 0.71178 0.68301 0.63552 0.62092 0.56743 0.56447 0.50663 0.51316 0.45235 0.46651 0.40388 0.42410 0.36061 0.38554 0.32197 0.74622 0.71068...
When the market rate of interest was 12%, Halprin Corporation issued $534,000, 11%, four-year bonds that...
When the market rate of interest was 12%, Halprin Corporation issued $534,000, 11%, four-year bonds that pay interest annually. The selling price of this bond issue was _____. Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 1 0.95238 0.94340 0.93458 0.90909 0.89286 2 0.90703 0.89000 0.87344 0.82645 0.79719 3 0.86384 0.83962 0.81630 0.75132 0.71178 4 0.82270 0.79209 0.76290 0.68301 0.63552 5 0.78353 0.74726 0.71299 0.62092 0.56743 6 0.74622 0.70496...
Find the amount that should be set aside today to yield the desired future amount. Use...
Find the amount that should be
set aside today to yield the desired future amount. Use the
table.
Future amount needed
Interest rate
Compounding period
Investment time
$2000
3%
semiannually
5
years
Periods Rate per period 4% 5% 6% 8% 10% 0.96154 0.95238 0.94340 0.92593 0.90909 0.92456 0.90703 0.89000 0.85734 0.82645 0.88900 0.86384 0.83962 0.79383 0.75131 0.85480 0.82270 0.79209 0.73503 0.68301 0.82193 0.78353 0.74726 0.68058 0.62092 0.79031 0.74622 0.70496 0.63017 0.56447 0.75992 0.71068 0.66506 0.58349 0.51316 0.73069 0.67684 0.62741 0.54027...
Calculator 82545 Use the following tables to calculate the present value of a $121,000 o 5%,...
Calculator 82545 Use the following tables to calculate the present value of a $121,000 o 5%, 6-year bond that pays $6,050 interest annually, if the market rate of interest is 5%. Round to the nearest dollar Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10% Periods 79% .95238 94340 93458 90909 95238 94340 93458 90909 .90703 89000 87344 1.83339 1.80802 1.73554 .8638483962 .81630 75131 2.72325 2.67301 2.62432 2.48685 .82270 79209 76290 .68301 3.54595 3.46511...
Compute Bond Proceeds, Amortizing Premium by Interest Method, and Interest Expense Ware Co. produces and sells...
Compute Bond Proceeds, Amortizing Premium by Interest Method, and Interest Expense Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware Co, issued $30,000,000 of five-year, 13% bonds at a market (effective) interest rate of 11%, with interest payable semiannually. Compute the following: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit B and Exhibit 10. Round to the nearest dollar. b. The...
#5 #7 Present Value of Bonds Payable; Premium Moss Co. issued $280,000 of five-year, 11% bonds,...
#5
#7
Present Value of Bonds Payable; Premium Moss Co. issued $280,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest 10% 0.90909 Periods 1 2 3 4 5 6 7 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069...
answer please
Using the following table, what is the present value of $15,000 to be received in 10 years, if the market rate is 59 compounded annually? Periods 7% 5% 0.95238 0.90703 0.86384 0.82270 0.78353 0.74622 0.71068 0.67684 0.64461 0.61391 6% 0.94340 0.89000 0.83962 0.79209 0.74726 0.70496 0.66506 0.62741 0.59190 0.55840 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 10% 0.90909 0.82645 0.75132 0.68301 0.62092 0.56447 0.51316 0.46651 0.42410 0.38554
Using the following table, what is the present value of $30,000 to be received in seven years. If the market rate is 10% compounded annually Round to the nearest whole number. Periods 5% 7% 104 1 0.95238 0.94340 0.93458 0.90909 2 0.90703 0.89000 0.87344 0.82645 3 0.86384 0.83952 0.81630 0.75132 0.82270 0.79209 0.76290 0.68301 5 0.78353 0.74726 0.71299 0.62092 6 0.74622 0.70496 0.66634 0.56447 7 0.71068 0.66506 0.62275 0.51316 0.67684 0.62741 0.58201 0.46651 9 0.64461 0.59190 0.54393 0.42410 10 0.61391...
Using the following table, what is the present value of $54,900 to be received in six years, if the market rate is 7% compounded annually Round to the nearest whole number Periods 79 104 1 0.95238 0.93458 2 0.90703 0.94340 0.89000 0.83962 0.87344 0.81630 0.90909 0.82545 0.75132 0.68301 3 0.86384 4 0.82270 5 0.78353 0.79209 0.74726 0.70496 0.66506 0.62741 0.74622 0.76290 0.71299 0.66634 0.62275 0.58201 0.62092 0.56447 7 0.51316 0.71068 0.67684 8 0.46651 0.54393 0.42410 0.64451 0.61391 0.59190 0.55840 10...
(rounded to nearest dollar). Use the following table, if needed. The present value of $19,000 to be received in one year, at 6% compounded annually, is Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12 1 0.95238 0.94340 0.93458 0.909090.89286 0.90703 0.89000 0.87344 0.82645 0.79719 0.86384 0.83962 0.8160 0.75132 0.71178 0.82270 0.79209 0.76290 0.68301 0.6.1552 0.78353 0.74726 0.71299 0.62092 0.56743 0.74622 0.70496 0.66634 0.56447 0.50663 0.71068 0.66506 0.62275 0.51316 0.45235 0.67684 0.62741 0.58201 0.46651 0.40388 9...
The present value of $40,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar). Use the following table, if needed. Present Value of $1 at Compound Interest Periods 5% 6% 7% 10% 12% 0.95238 0.90703 0.86384 0.82270 0.78353 0.94340 0.89000 0.83962 0.79209 0.74726 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 0.909090.89286 0.82645 0.79719 0.75132 0.71178 0.68301 0.63552 0.62092 0.56743 0.56447 0.50663 0.51316 0.45235 0.46651 0.40388 0.42410 0.36061 0.38554 0.32197 0.74622 0.71068...
Find the amount that should be
set aside today to yield the desired future amount. Use the
table.
Future amount needed
Interest rate
Compounding period
Investment time
$2000
3%
semiannually
5
years
Periods Rate per period 4% 5% 6% 8% 10% 0.96154 0.95238 0.94340 0.92593 0.90909 0.92456 0.90703 0.89000 0.85734 0.82645 0.88900 0.86384 0.83962 0.79383 0.75131 0.85480 0.82270 0.79209 0.73503 0.68301 0.82193 0.78353 0.74726 0.68058 0.62092 0.79031 0.74622 0.70496 0.63017 0.56447 0.75992 0.71068 0.66506 0.58349 0.51316 0.73069 0.67684 0.62741 0.54027...
Calculator 82545 Use the following tables to calculate the present value of a $121,000 o 5%, 6-year bond that pays $6,050 interest annually, if the market rate of interest is 5%. Round to the nearest dollar Present Value of $1 Present Value of Annuity of $1 Periods 5% 6% 7% 10% Periods 79% .95238 94340 93458 90909 95238 94340 93458 90909 .90703 89000 87344 1.83339 1.80802 1.73554 .8638483962 .81630 75131 2.72325 2.67301 2.62432 2.48685 .82270 79209 76290 .68301 3.54595 3.46511...
Compute Bond Proceeds, Amortizing Premium by Interest Method, and Interest Expense Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware Co, issued $30,000,000 of five-year, 13% bonds at a market (effective) interest rate of 11%, with interest payable semiannually. Compute the following: a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit B and Exhibit 10. Round to the nearest dollar. b. The...
#5
#7
Present Value of Bonds Payable; Premium Moss Co. issued $280,000 of five-year, 11% bonds, with interest payable semiannually, at a market (effective) interest rate of 10%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar. Exhibit 5 Present Value of $1 at Compound Interest 10% 0.90909 Periods 1 2 3 4 5 6 7 4% 0.96154 0.92456 0.88900 0.85480 0.82193 0.79031 0.75992 0.73069...
Most questions answered within 3 hours.
-
Python Assignment: Write a program that uses stacks to solve
postfix equations.Read the below in a...
asked 4 minutes ago -
Q45 What do you understand by standardized tool of research? [1
Mark]
asked 7 minutes ago -
For the movie my big fat greek wedding
1. Locate and describe three instances of non-verbal...
asked 13 minutes ago -
When a bank makes its loans, if it screens its borrowers it will
collect repayment revenue...
asked 12 minutes ago -
A customer has requested that Lewelling Corporation fill a
special order for 2,400 units of product...
asked 35 minutes ago -
What are two strengths and two weaknesses of hardware,
software, and/or data?
How can the weaknesses...
asked 38 minutes ago -
A and B face the choice of working in a safe
mine at €200/wk or an...
asked 57 minutes ago -
True or false: couldnt figure out these few
- When charges are only located OUTSIDE an...
asked 1 hour ago -
Given the following function:
int fun1(int count){
int Num ;
for (i = 0; i <...
asked 1 hour ago -
Please submit your paper topic so that I can review it and make
any necessary suggestions...
asked 1 hour ago -
Why are there so many theories of addiction? (Consider the
adequacy of each theory in relation...
asked 1 hour ago -
22mL of 0.1020M Naoh is used in a titration against an unknown
1M acid (30mL). Determine...
asked 1 hour ago