Determine the combined present value as of December 31, 2021, of the following four payments to...
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (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 answers to nearest whole dollar amount.)
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Homework Answers
| Year Received | i= | n= | Payment | Present Value | |
| 2022 | 8% | 1 | 9500 | 8796 | =9500*0.92593 |
| 2023 | 8% | 2 | 10050 | 8616 | =10050*0.85734 |
| 2025 | 8% | 4 | 11600 | 8526 | =11600*0.73503 |
| 2027 | 8% | 6 | 13950 | 8791 | =13950*0.63017 |
| Total | 34729 |
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Determine the combined present value as of December 31, 2021, of
the following four payments to...
Determine the combined present value as of December 31, 2021, of the following four payments to...
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (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 answers to nearest whole dollar amount.) Payment $ 7,000 7,800 9,600 11,200 Year Received 2022 2023 2025...
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end...
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (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 answers to nearest whole dollar amount.) Year Payment Received $5,500 6,450 8,400 9,550 2022 2023 2025 2027...
Determine the combined present value as of December 31, 2018, of the following four payments to...
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Using the appropriate present value table and assuming a 12% annual interest rate, determine the present...
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2021, of a five-period annual annuity of $5,000 under each of the following situations: (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.) 1. The first payment is received on December 31, 2022, and interest is compounded annually. table or calculator function- payment-...
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On January 1, 2021, the Montgomery Company agreed to purchase a building by making six payments....
On January 1, 2021, the Montgomery Company agreed to purchase a building by making six payments. The first three are to be $38,000 each, and will be paid on December 31, 2021, 2022, and 2023. The last three are to be $53,000 each and will be paid on December 31, 2024 2025, and 2026. Montgomery borrowed other money at a 10% annual rate. (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD...
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (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 answers to nearest whole dollar amount.) Payment $ 7,000 7,800 9,600 11,200 Year Received 2022 2023 2025...
Determine the combined present value as of December 31, 2021, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (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 answers to nearest whole dollar amount.) Year Payment Received $5,500 6,450 8,400 9,550 2022 2023 2025 2027...
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