Hi...Friend,
Hope you are also doing well.
I have tried to give best possible answer. If you have any doubts, please mention in comment section. I will definitely respond back.
And please excuse my bad handwriting.
Thanks Dear, have a Wonderful Day.
Use these factors to answer questions n i PV$ 1 FV$1 PVA FVA 4 7% 0.76290...
Chapter 8 In class assignment- submitted in Canvas Use these factors to answer questions n i PV$1 FV$1 PVA FVA 3 5% 0.86384 1.15763 2.72325 3.1525 5 6% 0.74726 1.33823 4.21236 5.6371 60 0.50% 0.74137 1.34885 51.72556 69.7700 You want to have $30,000 at the end of 5 years for a down payment on a house. How much should you save each month to achieve your goal if you can earn 6%? $______ (round to nearest dollar) You want to buy...
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.) Present Value Future Amount 2.$ 3. S 4. S 32,000 26,000 37,000 52,000 5% 6% 11% 10% 19 40 13
Use the following to answer questions 28 – 29 (round to nearest whole dollar) The four actors below have just signed a contract to star in a comedy. Each person signs independent contracts with the following terms: Contract amount How contract is paid Actor 1 $2,500,000 Lump sum in 4 years Actor 2 2,650,000 Lump sum in 5 years Actor 3 760,000 Every year for 3 years Actor 4 590,000 Every year for 4 years Assume an annual discount rate of...
The following situations should be considered independently. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $79,881 for a down payment on a small business. He will invest $37,000 today in a bank account paying 8% interest compounded annually. Approximately how long will it take John to reach his goal? 2. The Jasmine Tea Company purchased merchandise...
Provided are links to the present and future value tables: (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) a. How much would you have to deposit today if you wanted to have $54,000 in five years? Annual interest rate is 8%. b. Assume that you are saving up for a trip around the world when you graduate in two years....
Pat has a Keogh retirement plan (this type of plan is tax-deferred until money is withdrawn). If deposits of $10,000 are made each year into an account paying 8% compounded annually, how much will be in the account after 23 years? What will be the total amount of interest earned? The amount in the account after 2 years is $ (round to the nearest cent, as needed). The amount of interest earned is s (round to the nearest cent, as...
use excel, do it like this PV= FV= PMT= N= I/Y= IN= 1. A Real Estate Investor is considering the purchase of an apartment building. The investor estimates the current value at $400,000. If the market price appreciates at 8 percent annually what will be the price of the unit at the end of 5 years? 2. Suppose you were selling your home. A buyer has offered to pay you $115,000 now and another $85,000 in 2 years. What is...
Determine the present value of the following single amounts (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.): Future Amount i = n = Present Value 1. $ 6% 16 2. $ 7% 16 35,000 29,000 40,000 55,000 3. $ 11% 16 4. 10% 10
The following situations should be considered independently. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $79,881 for a down payment on a small business. He will invest $37.000 today in a bank account paying 8% interest compounded annually. Approximately how long will it take John to reach his goal? 2. The Jasmine Tea Company purchased merchandise...
1. Shroug w rok wants to invest AED 800.000 in cash to buy a new car 4 years from today. She expects to cam 7 percent per year, compounded annually on her savings. How much should she get to meet this purpose? 2. What is the present value of AED 45.000 deposited for 6 years at 10 percent per annum interest compounded annually? 3. If you wish to accumulate AED 200,000 in 5 years, how much must you deposit today...