Homework Answers
| Answer : $5318 as explained below | |||||||||
| To arrive at the answer, we have to divide the required maturity value with FVAD of $1 of the required year(3rd year) | |||||||||
| Therefore , in the present case, we have to divide $19000 with 3.5731 i.e., 19000/3.5731 = $5317.51 | |||||||||
| Therefore answer is $ 5318 (rounded) | |||||||||
| Proof | |||||||||
| Year | Deposit | Interest @ 9% | Deposit plus interest (Cumulative) | ||||||
| 1 | 5318 | 478.62 | 5796.62 | ||||||
| 2 | 5318 | 1000.32 | 12114.94 | ||||||
| 3 | 5318 | 1568.96 | 19001.9 | ||||||
| Please note that maturity value at the end of 3rd year is approximately equal to $19000 | |||||||||
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Present and future value tables of $1 at 9% are presented below. FVA of $1 1.0000...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 1 0.91743 1.09000 0.91743 1.0900 1.0000 2 0.84168 1.18810 1.75911 2.2781 2.0900 3 0.77218 1.29503 2.53129 3.5731 3.2781 4 0.70843 1.41158 3.23972 4.9847 4.5731 5 0.64993 1.53862 3.88965 6.5233 5.9847 6 0.59627 1.67710 4.48592 8.2004 7.5233 How much must be invested now at 9% interest to accumulate to $21,000 in four years?
Present and future value tables of $1 at 9% are presented below. PV of $1 0.91743...
Present and future value tables of $1 at 9% are presented below. PV of $1 0.91743 0.84168 0.77218 0.70843 0.64993 0.59627 FV of $1 1.09000 1.18810 1.29503 1.41158 1.53862 1.67710 PVA of $1 0.91743 1.75911 2.53129 3.23972 3.88965 4.48592 FVAD of $1 1.0900 2.2781 3.5731 4.9847 6.5233 8.2004 FVA of $1 1.eeee 2.0900 3.2781 4.5731 5.9847 7.5233 5 6 How much must be invested now at 9% interest to accumulate to $23,000 in three years? Multiple Choice $12,582 $12,315 $17,493...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV...
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Present and future value tables of 1 at 9% are presented below. PV of $1...
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Present and future value tables of $1 at 9% are presented below. N FV $1 PV...
Present and future value tables of $1 at 9% are presented below. N FV $1 PV $1 FVA $1 FVAD $1 PVA $1 PVAD $1 1 1.09000 0.91743 1.0000 1.0900 0.91743 1.00000 2 1.18810 0.84168 2.0900 2.2781 1.75911 1.91743 3 1.29503 0.77218 3.2781 3.5731 2.53129 2.75911 4 1.41158 0.70843 4.5731 4.9847 3.23972 3.53129 5 1.53862 0.64993 5.9847 6.5233 3.88965 4.23972 6 1.67710 0.59627 7.5233 8.2004 4.48592 4.88965 You want to invest $8,300 annually beginning now in order to accumulate $29,310...
Present and future value tables of $1 at 9% are presented below. 19 1 2 3.34...
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Present and future value tables of $1 at 9% are presented below. awarded PV of $1...
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Present and future value tables of $1 at 9% are presented below. PV of $1 FV...
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Present and future value tables of $1 at 9% are presented below. PV of $1 0.91743 0.84168 0.77218 0.70843 0.64993 0.59627 FV of $1 1.09000 1.18810 1.29503 1.41158 1.53862 1.67710 PVA of $1 0.91743 1.75911 2.53129 3.23972 3.88965 4.48592 FVAD of $1 1.0900 2.2781 3.5731 4.9847 6.5233 8.2004 FVA of $1 1.eeee 2.0900 3.2781 4.5731 5.9847 7.5233 5 6 How much must be invested now at 9% interest to accumulate to $23,000 in three years? Multiple Choice $12,582 $12,315 $17,493...
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Present and future value tables of $1 at 9% are presented below. awarded PV of $1 FV of $1 PVA of $1 1 0 .91743 1.09eee 0.91743 2 0.84168 1.18810 1.75911 30 .772181 .295032.53129 40.708431.41158 3.23972 5 .64993 1.53862 3.88965 6 0.59627 1.67710 4.48592 FVAD of $1 1.09ee 2.2781 3.5731 4.9847 6.5233 8.2004 FVA of $1 1.eeee 2.0900 3.2781 4.5731 5.9847 7.5233 bred . Mustard's Inc. sold the rights to use one of its patented processes that will result in...
Present and future value tables of $1 at 9% are presented below. PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 1 0.91743 1.090000 .91743 1.0900 1.0000 20 .84168 1.188101.75911 2.27812.0900 | 3 0.77218 | 1.295032.53129 3.5731 3.2781 40 .70843 | 1.41158 3.239724.98474.5731 5 0.64993 | 1.53862 3.88965 6.5233 5.9847 6 0.59627 1.67710 4.485921 8.2004 17.5233 Claudine Corporation will deposit $6,300 into a money market sinking fund at the end of each year for...
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