Homework Answers
(1)
OPTION D: Annually
(2)
OPTION B: Present value of 1
(3)
OPTION C: Present value of 1
(4)
OPTION A: Present value of an ordinary annuity
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please answer clear and correct Dr. Azad If you invest $50,000 to earn 896 Interest, which of the following compoun...
5. An amount is desited for cight years at 96. If compounding occurs quarterly, then the table value is found at A)...
5. An amount is desited for cight years at 96. If compounding occurs quarterly, then the table value is found at A) 896 for eight periods. B) 296 for eight periods. C) 96 for 32 periods D) 2% for 32 periods. 6. Betty wants to know how much she should begin saving each month to fund her retirement. What kind of problem is this? A) Present value of one. B) Future value of an ordinary annuity. C) Present value of...
In the time diagram below, which concept is being depicted? 2 $1 3 $1 4 $1...
In the time diagram below, which concept is being depicted? 2 $1 3 $1 4 $1 $1 PV Future value of an annuity due Future value of an ordinary annuity Present value of an annuity due Present value of an ordinary annuity
4. It you invest $50,000 to earn 8 % interest , which of the following compounding...
4. It you invest $50,000 to earn 8 % interest , which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account atter 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.)...
Which of the following tables would show the smallest value for an interest rate of 8%...
Which of the following tables would show the smallest value for an interest rate of 8% for ten periods? O A. present value of an ordinary annuity O B. present value of $1 O c. future value of $1 OD. future value of an ordinary annuity
*. Il you invest $50,000 to earn 8% interest, which of the following compounding approaches would...
*. Il you invest $50,000 to earn 8% interest, which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account after 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar) a. $25,194...
13. When comparing an annuity due to an ordinary annuity with the same time horizon, payment,...
13. When comparing an annuity due to an ordinary annuity with the same time horizon, payment, interest rate, and compounding periods, the annuity due will have higher: A. future values, but not present values B. present values, but not future values C. future values and present values D. none of the above
TB MC Qu. 5.4 (Static) You want to invest $6,000 annually beginning... You want to invest...
TB MC Qu. 5.4 (Static) You want to invest $6,000 annually beginning... You want to invest $6,000 annually beginning now in order to accumulate $28,000 for a down payment on a house in five years. To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the Multiple Choice future value of a annuity due of $1 table, for the factor closest to 4.6667 present value of an ordinary...
You agree to deposit $500 at the beginning of each month into a bank account for...
You agree to deposit $500 at the beginning of each month into a
bank account for the next 24 months. At the end of the 24th month,
you will have $13,000 in your account. If the bank compounds
interest monthly, what annual interest rate will you have
earned?
Note: Please post the formula used to solve the question and
list the steps taken to reach the answer, please don't use excel. I
provided a list of formulas, please state the...
4. If you invest $50,000 to earn 8% interest, which of the following compounding approaches would...
4. If you invest $50,000 to earn 8% interest, which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly C. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account after 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.) a. $25,194...
$50,000 zero-interest bear PROBLES The Problem C. On January 1, 2019, Western sold equipment to Jones...
$50,000 zero-interest bear PROBLES The Problem C. On January 1, 2019, Western sold equipment to Jones Company, accepting a $50,000 zero-interese note to be paid in full at the end of the third year (December 31, 2021). The implicit interest rate is 10%. The presa value factor for a single amount (n=3,1 = 1096) -0.75132 a. At what amount will Western record the sale? Carrying amount of note b. Complete the amortization table below. Schedule of Note discount Amortization Effective...
5. An amount is desited for cight years at 96. If compounding occurs quarterly, then the table value is found at A) 896 for eight periods. B) 296 for eight periods. C) 96 for 32 periods D) 2% for 32 periods. 6. Betty wants to know how much she should begin saving each month to fund her retirement. What kind of problem is this? A) Present value of one. B) Future value of an ordinary annuity. C) Present value of...
In the time diagram below, which concept is being depicted? 2 $1 3 $1 4 $1 $1 PV Future value of an annuity due Future value of an ordinary annuity Present value of an annuity due Present value of an ordinary annuity
4. It you invest $50,000 to earn 8 % interest , which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account atter 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.)...
Which of the following tables would show the smallest value for an interest rate of 8% for ten periods? O A. present value of an ordinary annuity O B. present value of $1 O c. future value of $1 OD. future value of an ordinary annuity
*. Il you invest $50,000 to earn 8% interest, which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account after 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar) a. $25,194...
13. When comparing an annuity due to an ordinary annuity with the same time horizon, payment, interest rate, and compounding periods, the annuity due will have higher: A. future values, but not present values B. present values, but not future values C. future values and present values D. none of the above
TB MC Qu. 5.4 (Static) You want to invest $6,000 annually beginning... You want to invest $6,000 annually beginning now in order to accumulate $28,000 for a down payment on a house in five years. To find the annual interest rate you would need to receive to accomplish this goal, you would search the fifth row in the Multiple Choice future value of a annuity due of $1 table, for the factor closest to 4.6667 present value of an ordinary...
You agree to deposit $500 at the beginning of each month into a
bank account for the next 24 months. At the end of the 24th month,
you will have $13,000 in your account. If the bank compounds
interest monthly, what annual interest rate will you have
earned?
Note: Please post the formula used to solve the question and
list the steps taken to reach the answer, please don't use excel. I
provided a list of formulas, please state the...
4. If you invest $50,000 to earn 8% interest, which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly C. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account after 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.) a. $25,194...
$50,000 zero-interest bear PROBLES The Problem C. On January 1, 2019, Western sold equipment to Jones Company, accepting a $50,000 zero-interese note to be paid in full at the end of the third year (December 31, 2021). The implicit interest rate is 10%. The presa value factor for a single amount (n=3,1 = 1096) -0.75132 a. At what amount will Western record the sale? Carrying amount of note b. Complete the amortization table below. Schedule of Note discount Amortization Effective...
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