Exercise A3-11 Practice with Tables Use Future Value Tables and Present Value Tables, or your calculator,...
Exercise A3-11
Practice with Tables
Use Future Value Tables and Present Value Tables, or your calculator, to complete the requirements below.
Required:
Round your answers to the nearest cent.
a. Determine the future value of a single cash
flow of $5,000 that earns 7% interest compounded annually for 10
years.
$
b. Determine the future value of an annual
annuity of 10 cash flows of $500 each that earns 7% compounded
annually.
$
c. Determine the present value of $5,000 to be
received 10 years from now, assuming that the interest (discount)
rate is 7% per year.
$
d. Determine the present value of an annuity of
$500 per year for 10 years for which the interest (discount) rate
is 7% per year and the first cash flow occurs 1 year from
now.
$
Homework Answers
a. $9835.76
b.$6908.22 (assuming payments at end of year)
c.$2541.75
d.$3511.79 (assuming payments at end of year)
Add Answer to:
Exercise A3-11
Practice with Tables
Use Future Value Tables and Present Value Tables, or your
calculator,...
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Use Future Value Tables or your calculator to complete the requirements below. Determine the size of...
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Fill in the tables Use present value tables to compute the present value of $660,000 to...
Fill
in the tables
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Time Value of Money: Basics Using the equations and tables in Appendix 12A of this chapter,...
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Please show detailed work. Thank You. (Future value of an ordinary annuity) What is the future...
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Fill
in the tables
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