Question

Compute the amount that a $42,000 investment today would accumulate at 11% (compound interest) by the end of 6 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Click here to view factor tables Future Values Daniel wants to retire at the end of this year (2020). His life expectancy is 20 years from his retirement. Daniel has come to you, his CPA, to learn how much he should deposit on December 31, 2020 to be able to withdraw $70,000 at the end of each year for the next 20 years, assuming the amount on deposit will earn 8% interest annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Click here to view factor tables Present Values

Answer 1

11) future value=FV = $2200 - No of years = n = 2 Interest rate = x= 6-1. Present value = PV = ? PV = 900 + FV (ltron = 900+ dana => 900 + 2200 (1+0.62 =>$2858

ci & future Value = FV = ? Present value = PV = $42.000 Rate of interest = r = $1% No of year = n = 6 FV = Pulitooth = 42.000 (1+on)" => 49000 (1-0)6 48000 (0.87041) => 78,557 /