Question

Nsing the appropriate interest table, answer the following questions. (Each case is independent of the others.) Click here to view factor tables What is the future value of 22 periodic payments of $5.270 each made at the beginning of each period and compounded at 8%7 (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.g. 458,581. $ The future value e Textbook and Media Click here to view factor tables What is the present value of $4.010 to be received at the beginning of each of 29 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.s. 458,581.) $ The present value e Textbook and Media Click here to view factor tables What is the future value of 15 deposits of $2,330 each made at the beginning of each period and compounded at 10 % ? (Future value as of the end of the 15th period.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) $ The future value eTextbook and Media Click here to view factor tables What is the present value of 6 receipts of $3,170 each received at the beginning of each period, discounted at 9% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The present value $

Answer 1

The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

1 Answer 2 Part 1) Future Value periodic payment*({(1+i)^n-1)/i)*(1+i) 45270 (1.08)^22-1)/.08)*1.08 = 5270*55.45676 1.08 S 315638 6 Thus the correct answer is $315638 7 9 Part 2) 10 Present value annual reciept *(1-(1+i)^-(n-1))/i)) 11 4010 ((1-(1.05)^-28)/.05)+1) 12 4010*15.89813 13 63752 14 Thus the correct answer is $ 63752 15 16 Part 3) 17 Future Value periodic payment*(((1+i)^n-1)/i)*(1+i) 18 2330*((1.1)^15-1)/.1}*1.1 19 2330 31.77248*1.1 20$81433 21 Thus the correct answer is $81433 22 23 Part 4) 24 Present value annual reciept 1-(1+i)-(n-1))/i)) 25 3170*((1-(1.09)^5)/.09)+1) 263170*4.88965 27 = 15500 28 Thus the correct answer is $ 15500 unuD 00