Please include steps. Thanks. Thanks. 203-10 calculating Present Value of a Savingsfund Hal Thomas wants to...

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Question

203-10 calculating Present Value of a Savingsfund Hal Thomas wants to establish a savings fund from which a community organiz

Please include steps. Thanks.

Thanks.

Answer 1

Answer #1

Statement showing Computations
Particulars	Amount
LO3-10
Cash Flow per year	1,000.00
PVf for 20 years at 2%	16.35143
Present Value =1000*16.35143	16,351.43

Time	PVF at 2%
1.00	0.98039
2.00	0.96117
3.00	0.94232
4.00	0.92385
5.00	0.90573
6.00	0.88797
7.00	0.87056
8.00	0.85349
9.00	0.83676
10.00	0.82035
11.00	0.80426
12.00	0.78849
13.00	0.77303
14.00	0.75788
15.00	0.74301
16.00	0.72845
17.00	0.71416
18.00	0.70016
19.00	0.68643
20.00	0.67297
PVF for 20 years at 2%	16.35143

LO3-12
Value of gift in 15 years = 4000*(1.03)^15	6,231.87

Answer 2

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