Homework Answers
| Table values are based on | |||
| n= | 16 | ||
| i= | 3% | ||
| Present value | table factor | future value | |
| initial investment | 98000 | 1.6047 | $ 1,57,261 |
| periodic payments | 5400 | 20.7614 | $ 1,12,112 |
| Future value of fund | $ 2,69,372 | ||
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Starr Company decides to establish a fund that it will use 4 years from now to...
Starr Company decides to establish a fund that it will use 10 years from now to...
Starr Company decides to establish a fund that it will use 10 years from now to replace an aging production facility. The company will make a $100,000 initial contribution to the fund and plans to make quarterly contributions of $50,000 beginning in three months. The fund earns 12%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) What will be...
Exercise B-17 Future value of an amount plus an annuity LO P2, P4 Starr Company decides...
Exercise B-17 Future value of an amount plus an annuity LO P2, P4 Starr Company decides to establish a fund that it will use 1 year from now to replace an aging production facility. The company will make a $95,000 initial contribution to the fund and plans to make quarterly contributions of $54,000 beginning in three months. The E fund earns 12%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s)...
Mike Derr Company expects to earn 6% per year on an investment that will pay $616,000...
Mike Derr Company expects to earn 6% per year on an investment that will pay $616,000 five years from now. (PV of $1, FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Table Factor Present Value Future Value $ 616,000 On January 1, a company agrees to pay $20,000 in six years. If the annual interest rate is...
Mark Welsch deposits $6,500 in an account that earns interest at an annual rate of 4%,...
Mark Welsch deposits $6,500 in an account that earns interest at
an annual rate of 4%, compounded quarterly. The $6,500 plus earned
interest must remain in the account 5 years before it can be
withdrawn. How much money will be in the account at the end of 5
years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use
appropriate factor(s) from the tables provided. Round "Table
Factor" to 4 decimal places.)
Present Value Table Factor...
Exercise B-5 Future value of an amount LO P2 Mark Welsch deposits $7,200 in an account...
Exercise B-5 Future value of an amount LO P2 Mark Welsch deposits $7,200 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7.200 plus earned interest must remain in the account 10 years before it can be withdrawn. How much money will be in the account at the end of 10 years? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table...
Austin Miller wishes to have $400,000 in a retirement fund 25 years from now. He can...
Austin Miller wishes to have $400,000 in a retirement fund 25 years from now. He can create the retirement fund by making a single lump-sum deposit today. Use next table to solve the following problems. If upon retirement in 25 years, Austin plans to invest $400,000 in a fund that earns 5%, what is the maximum annual withdrawal he can make over the following 20 years? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate...
An OSU alumna wants to establish a scholarship fund that can provide $10,000 annually for scholarships...
An
OSU alumna wants to establish a scholarship fund that can provide
$10,000 annually for scholarships over a 20-year period, starting
exactly 6 years from now (t.=6). She is planning to make the
following cash contributions– an initial (t=0) contribution now
followed by 5 annual (t=1 through t=5) contributions. She just
contributed $50,000. She plans to make 5 equal annual contributions
starting one year from now. If the fund is expected to earn 10% per
year compounded annually, determine the...
Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000...
Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 eight years from now. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Future Value Table Factor Present Value
Mark Welsch deposits $7,500 in an account that earns interest at an annual rate of 8%,...
Mark Welsch deposits $7,500 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,500 plus earned interest must remain in the account 2 years before it can be withdrawn. How much money will be in the account at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Table Factor...
Chris Jones wishes to have $400,000 in a retirement fund 25 years from now. He can...
Chris Jones wishes to have $400,000 in a retirement fund 25 years from now. He can create the retirement fund by making a single lump-sum deposit today. Use next table to solve the following problems. A. If he can earn 7 percent on his investments, how much must Chris deposit today to create the retirement fund? Round PV-factor to three decimal places. Round your answer to the nearest cent. Calculate your answer based on the PV-factor. $ Calculate your answer...
Starr Company decides to establish a fund that it will use 10 years from now to replace an aging production facility. The company will make a $100,000 initial contribution to the fund and plans to make quarterly contributions of $50,000 beginning in three months. The fund earns 12%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) What will be...
Exercise B-17 Future value of an amount plus an annuity LO P2, P4 Starr Company decides to establish a fund that it will use 1 year from now to replace an aging production facility. The company will make a $95,000 initial contribution to the fund and plans to make quarterly contributions of $54,000 beginning in three months. The E fund earns 12%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s)...
Mike Derr Company expects to earn 6% per year on an investment that will pay $616,000 five years from now. (PV of $1, FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Table Factor Present Value Future Value $ 616,000 On January 1, a company agrees to pay $20,000 in six years. If the annual interest rate is...
Mark Welsch deposits $6,500 in an account that earns interest at
an annual rate of 4%, compounded quarterly. The $6,500 plus earned
interest must remain in the account 5 years before it can be
withdrawn. How much money will be in the account at the end of 5
years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use
appropriate factor(s) from the tables provided. Round "Table
Factor" to 4 decimal places.)
Present Value Table Factor...
Exercise B-5 Future value of an amount LO P2 Mark Welsch deposits $7,200 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7.200 plus earned interest must remain in the account 10 years before it can be withdrawn. How much money will be in the account at the end of 10 years? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table...
An
OSU alumna wants to establish a scholarship fund that can provide
$10,000 annually for scholarships over a 20-year period, starting
exactly 6 years from now (t.=6). She is planning to make the
following cash contributions– an initial (t=0) contribution now
followed by 5 annual (t=1 through t=5) contributions. She just
contributed $50,000. She plans to make 5 equal annual contributions
starting one year from now. If the fund is expected to earn 10% per
year compounded annually, determine the...
Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 eight years from now. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Future Value Table Factor Present Value
Mark Welsch deposits $7,500 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,500 plus earned interest must remain in the account 2 years before it can be withdrawn. How much money will be in the account at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Table Factor...
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