11) Keisha has $4300 now and plans on investing it in a fund that will pay...
11) Keisha has $4300 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years? (Use appropriate factor(s) from the tables provided.)
A) $5332.00 B) $5447.24
C) $4300.00 D) $5393.92
E) $4816.00
12) Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $5500 for 5 years. The interest rate on the note is 12% compounded semiannually. What is the cost of the machine? (Use appropriate factor(s) from the tables provided.)
A) $55,000.00 B) $19,834.51
C) $36,538.35 D) $18,149.40
E) $40,480.55
Homework Answers
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11) Keisha has $4300 now and plans on investing it in a fund
that will pay...
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...
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 4 years from now to replace an aging production facility. The company will make a $98,000 initial contribution to the fund and plans to make quarterly contributions of $54,000 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 your "Table Factor" to 4 decimal places and final...
Wiseman Video plans to make four annual deposits of $2,250 each to a special building fund. The fund’s assets will be in...
Wiseman Video plans to make four annual deposits of $2,250 each to a special building fund. The fund’s assets will be invested in mortgage instruments expected to pay interest at 12% on the fund’s balance. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations....
Wiseman Video plans to make four annual deposits of $6,500 each to a special building fund. The fund’s assets will be invested in mortgage instruments expected to pay interest at 12% on the fund’s balance. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD o
Wiseman Video plans to make four annual deposits of $6,500 each to a special building fund. The fund’s assets will be invested in mortgage instruments expected to pay interest at 12% on the fund’s balance. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Determine how much will be accumulated in the fund on December 31, 2024 after four years, under each of the...
Wiseman Video plans to make four annual deposits of $2,000 each to a special building fund....
Wiseman Video plans to make four annual deposits of $2,000 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. (FV of S1, PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations....
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each...
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each year for the next four years. What is the amount that will accumulate by the end of the fourth and final payment if the sinking fund earns 9% interest? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar...
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...
what information do you need Exercise 6-15 John Bogut just received a signing bonus of $1,019,200....
what information do you need
Exercise 6-15 John Bogut just received a signing bonus of $1,019,200. His plan is to invest this payment in a fund that will earn 10 % , compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $2,403,223, how many years until he can establish the foundation? years LINK TO TEXT LINK TO TEXT Instead of investing the entire $1,019,200, Bogut invests $315,300 today...
Calculate the future value of the following single amounts. (FV of $1, PV of $1, FVA...
Calculate the future value of the following single amounts. (FV
of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate
factor(s) from the tables provided. Round your answers to 2 decimal
places.)
Future Value Initial Investment 1. $ 8,000 6,000 | 3. 9,000 Annual Rate 10 % 12 % 8% Interest Period Compounded Invested Annually 7 years Semiannually 4 years Quarterly 3 years
Alan is investing $40,000 in a fund that earns 5% interest compounded annually. Click here to...
Alan is investing $40,000 in a fund that earns 5% interest compounded annually. Click here to view the factor table. What equal amounts can Alan withdraw at the end of each of the next 11 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to O decimal places, e.g. 458,581.) Yearly withdrawals $
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...
Starr Company decides to establish a fund that it will use 4 years from now to replace an aging production facility. The company will make a $98,000 initial contribution to the fund and plans to make quarterly contributions of $54,000 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 your "Table Factor" to 4 decimal places and final...
Wiseman Video plans to make four annual deposits of $2,000 each to a special building fund. The fund's assets will be invested in mortgage instruments expected to pay interest at 12% on the fund's balance. (FV of S1, PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Determine how much will be accumulated in the fund on December 31, 2024, under each of the following situations....
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...
what information do you need
Exercise 6-15 John Bogut just received a signing bonus of $1,019,200. His plan is to invest this payment in a fund that will earn 10 % , compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $2,403,223, how many years until he can establish the foundation? years LINK TO TEXT LINK TO TEXT Instead of investing the entire $1,019,200, Bogut invests $315,300 today...
Calculate the future value of the following single amounts. (FV
of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate
factor(s) from the tables provided. Round your answers to 2 decimal
places.)
Future Value Initial Investment 1. $ 8,000 6,000 | 3. 9,000 Annual Rate 10 % 12 % 8% Interest Period Compounded Invested Annually 7 years Semiannually 4 years Quarterly 3 years
Alan is investing $40,000 in a fund that earns 5% interest compounded annually. Click here to view the factor table. What equal amounts can Alan withdraw at the end of each of the next 11 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to O decimal places, e.g. 458,581.) Yearly withdrawals $
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