Homework Answers
| Present Value | $7,000 |
| Period: | 6 years |
| Rate of Interest | 7% |
| Future Value Factor: | 1.501 |
| Future Value of Deposit | 7000*1.501=$10507 |
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1% 2% 3% 496 5% 6% 7% 8% 1.020 1.040 1.061 1.082 1.103 1.124 1.145 1.166...
8. Future value of a single amount The time value of money is a financial concept...
8. Future value of a single amount The time value of money is a financial concept that focuses on the idea that a dollar today will be worth more in the future. There are two key time value concepts: present value and future value. Looking at future value, the concept is that an amount in hand today will grow if it earns a specific rate of interest over a given period of time. This growth in value occurs not just...
8. Future value of a single amount The time value of money is a financial concept...
8. Future value of a single amount The time value of money is a financial concept that focuses on the idea that a dollar today will be worth more in the future. There are two key time value concepts: present value and future value. Looking at future value, the concept is that an amount in hand today will grow if it earns a specific rate of interest over a given period of time. This growth in value occurs not just...
Determine the amount of money in a savings account at the end of 3 years, given...
Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of $6,500 and a 12 percent annual interest rate when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Future Value a. Annually b. Semiannually c. Quarterly Appendix A Future value of $1, FVF F...
6% per period 7% A company issues $100,000 of 8%, five-year bondsHide Timer 1.060 1.070 1.124...
6% per period 7% A company issues $100,000 of 8%, five-year bondsHide Timer 1.060 1.070 1.124 1.145 When the bonds are sold in the market, the interest 1.191 1.225 rate is 10% 1.262 1.311 1.338 1.403 1.419 1.501 Which journal entry correctly records the first 1.504 1.606 interest payment? 1.594 1.718 1.689 1.838 1.791 1.967 1.898 2.105 Debit interest expense $8,000.00; 2.012 2.252 2.133 credit cash $8,000.00 2.410 2.261 2.579 Debit interest expense $9,263.55; 2.397 2.759 2.540 O credit discount...
At a growth interest) rate of 15 percent annually, how long will it take for a...
At a growth interest) rate of 15 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial I years Y years Time needed to double Time needed to triple calculator methods. Appendix A Future value of $1,FV, FV=PV1+1 TO DOUBLE 4.67 TRIPLE: 7.40 116 1.040 1.082 1.125 Period 1% 2% 3% 1.010 1.020 1030 1.020 1.040 1061 1.030 1,061...
Question 1. A. B. Future Value of $1 Periods 4% 1.040 1.082 5% 6% 7% 8%...
Question 1.
A. B.
Future Value of $1 Periods 4% 1.040 1.082 5% 6% 7% 8% 9% 10% 12% 14% 16% 1.060 1.124 1.070 1.140 1,300 1 1.050 1.103 1.158 1.080 1.090 1.100 1.210 1.120 1.254 1.160 2 1.145 1.166 1.188 1.346 1.191 1.405 3 1.125 1.170 1.225 1.311 1,403 1.260 1,295 1.331 1.464 1,482 1.561 1.811 2.100 1.689 1.925 4 1.216 1.262 1.360 1.412 1.574 1.338 1,539 5 1.217 1.276 1.469 1,611 1.762 1.772 1.949 1.265 1.316 2.195 2.502...
Water Nation is considering purchasing a waterpark in San Antonio, Texas, for $2.200,000. The new facility...
Water Nation is considering purchasing a waterpark in San Antonio, Texas, for $2.200,000. The new facility will generale annual net cash inflows of $505.000 for ten years Engineers estimate that the facility will remain useful for ten years and have no residual value. The company uses straight-line depreciation its owners want payback in less than five years and an ARR of 12 or more Management uses a 10% hurde rate on investments of this nature Click the icon to view...
Questions Problem 16-02 Question of 15 Check My Work (1 remaining) Book 10. O Problem 16-02 You sold a stock for $...
Questions Problem 16-02 Question of 15 Check My Work (1 remaining) Book 10. O Problem 16-02 You sold a stock for $100 that you purchased fifteen years earlier for $30. What was the holding period return and annualized compounded returns? Use Appendix A to answer the questions. Round your answers to the nearest whole number, Holding period retur: 90.00 3 Annualized compounded return: 16.59 3 de Feedback Incorrect Check it Works remaining) > Interest Factors for the Future Value of...
Present Value of Annuity of $1 Periods 19% 2% 3% 49%6 5% 6% 8% 10% 12%...
Present Value of Annuity of $1 Periods 19% 2% 3% 49%6 5% 6% 8% 10% 12% 14% 16% 18% 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 5 4.853 4.713 4.580 4.452 4.329...
Your grandmother would like to share some of her fortune with you. She offers to give...
Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to choose) 1. $7,750 a year at the end of each of the next seven years 2. $50,250 (ump sum) now 3. $100,250 (ump sum) seven years from now Calculate the present value of each scenario using an 8 % interest rate. Which scenario yields the highest present value? Would your preference change if...
Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of $6,500 and a 12 percent annual interest rate when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Future Value a. Annually b. Semiannually c. Quarterly Appendix A Future value of $1, FVF F...
6% per period 7% A company issues $100,000 of 8%, five-year bondsHide Timer 1.060 1.070 1.124 1.145 When the bonds are sold in the market, the interest 1.191 1.225 rate is 10% 1.262 1.311 1.338 1.403 1.419 1.501 Which journal entry correctly records the first 1.504 1.606 interest payment? 1.594 1.718 1.689 1.838 1.791 1.967 1.898 2.105 Debit interest expense $8,000.00; 2.012 2.252 2.133 credit cash $8,000.00 2.410 2.261 2.579 Debit interest expense $9,263.55; 2.397 2.759 2.540 O credit discount...
At a growth interest) rate of 15 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial I years Y years Time needed to double Time needed to triple calculator methods. Appendix A Future value of $1,FV, FV=PV1+1 TO DOUBLE 4.67 TRIPLE: 7.40 116 1.040 1.082 1.125 Period 1% 2% 3% 1.010 1.020 1030 1.020 1.040 1061 1.030 1,061...
Question 1.
A. B.
Future Value of $1 Periods 4% 1.040 1.082 5% 6% 7% 8% 9% 10% 12% 14% 16% 1.060 1.124 1.070 1.140 1,300 1 1.050 1.103 1.158 1.080 1.090 1.100 1.210 1.120 1.254 1.160 2 1.145 1.166 1.188 1.346 1.191 1.405 3 1.125 1.170 1.225 1.311 1,403 1.260 1,295 1.331 1.464 1,482 1.561 1.811 2.100 1.689 1.925 4 1.216 1.262 1.360 1.412 1.574 1.338 1,539 5 1.217 1.276 1.469 1,611 1.762 1.772 1.949 1.265 1.316 2.195 2.502...
Water Nation is considering purchasing a waterpark in San Antonio, Texas, for $2.200,000. The new facility will generale annual net cash inflows of $505.000 for ten years Engineers estimate that the facility will remain useful for ten years and have no residual value. The company uses straight-line depreciation its owners want payback in less than five years and an ARR of 12 or more Management uses a 10% hurde rate on investments of this nature Click the icon to view...
Questions Problem 16-02 Question of 15 Check My Work (1 remaining) Book 10. O Problem 16-02 You sold a stock for $100 that you purchased fifteen years earlier for $30. What was the holding period return and annualized compounded returns? Use Appendix A to answer the questions. Round your answers to the nearest whole number, Holding period retur: 90.00 3 Annualized compounded return: 16.59 3 de Feedback Incorrect Check it Works remaining) > Interest Factors for the Future Value of...
Present Value of Annuity of $1 Periods 19% 2% 3% 49%6 5% 6% 8% 10% 12% 14% 16% 18% 20% 1 0.990 0.980 0.971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 2.941 2.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2.322 2.246 2.174 2.106 4 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 2.589 5 4.853 4.713 4.580 4.452 4.329...
Your grandmother would like to share some of her fortune with you. She offers to give you money under one of the following scenarios (you get to choose) 1. $7,750 a year at the end of each of the next seven years 2. $50,250 (ump sum) now 3. $100,250 (ump sum) seven years from now Calculate the present value of each scenario using an 8 % interest rate. Which scenario yields the highest present value? Would your preference change if...
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