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Return to question 8 Exercise 5-5 (Static) Solving for unknowns; single amounts (LO5-4) 0.68 points For each of the following
ABLE 1 Future Value of $1 EV - $1(1+2 6054 70% 9.09 3.59 8.09 12.046 10.0% 20.0% 11.0% LT1000 1.08000 1.20000 1.06000 L12300
TABLE 2 Present Value of $1 $1 PV- (1+0) 2.59 ml 1.096 1.54 2.09 3.046 3.55 40 4.5% 5.09 5.54 6.09 7.09 3.0 9.046 10.09 11.09
TABLE 3 Future Value of an ordinary Annuity of $1 FVA T-.+) 10.046 SOTT 20.05 9.09 7.046 909 5.596 8.09 40 254 3.09 45 00001
TABLE 4 Present Value of an Ordinary Annuity of $1 PVA Sves 1545 ST 10 LOS 99010 6.09 0.94340 181339 19950 1960 1 098522 3.09
TABLES Future Value of an Annuity Due of $1 (1+1) FVAD (1+1) 9.096 11.09 4046 459 604 908 3.59 10.09 1.04 1209 11200 1.54 3.3
TABLE 6 Present Value of an Annuity Due of $1 PVAD (11 50 9.04 5.04 WE 16 3.59 4596 104 1 NT 7045 100000 1.91458 100000 4.44
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Answer #1

Given that Round your final answer to nearest whole dollar amoount.

Present value = Future value / Futurevalue Factor at (i,n).

1) Present value = $40,000 / Futurevalue factor (10%, 5 years) = $40,000 / 1.61051 = $24,836.85 = $24,837.

Answer for 1 = $24,837.

Note : Please comment down for any further clarificaions.

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