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QUESTION 3 Incorrect Mark 0.00 out of 1.00 P Flag question Future Value Computation You deposit $3,000 at the end of every year for three years. How much will accumulate in three years if you earn 8% compounded annually? Use Excel or a financial calculator for computation. Round your answer to the nearest dollar. $ 10,518 Check QUESTION 4 Not complete Marked out of 1.00 P Flag question Present Value Computation You will receive $3,000 in three years. What is the present value if you can earn 8% interest compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. 0 Fir Check Assig QUESTION 5 Not complete Marked out of 1.00 P Fag question Present Value Computation You receive $3,000 at the end of every year for three years. What is the present value of these receipts if you earn 8 % compounded annually? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. $0 Finish a Check QUESTION 7 Marked out of 1.00 Not complete Flag question Present Value Computation You are scheduled to be paid $10,000 in five years. What amount today is equivalent to the $10,000 to be received in five years assuming interest is compounded annually at 6%? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. 0 Check QUESTION 8 Not complete P Flag question Marked out of 1.00 Present Value Computation Zazzi, Inc., believes it will need $100,000 in five years to expand its operations. Zazzi can earn 5 %, compounded annually, if it deposits its money right now. How large of a deposit must Zazzi make in order to have the necessary $100,000 in five years? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. F $ 0 Check QUESTION 9 Not complete Marked out of 3.00 P Flag question Future Value Computation Peyton Company deposited $10,000 in the bank today, earning 8% interest. Peyton plans to withdraw the money in five years. How much money will be available to withdraw assuming that interest is compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually (b) Semiannually (c) Quarterly Check QUESTION 10 Not complete P Flag question Marked out of 2.00 Future Value Computation Kumari Jennings has decided to start saving for his daughter's college education by depositing $2,500 at the end of every year for 18 years. He has determined that he will be able to earn 6% interest compounded annually. He hopes to have at least $70,000 when his daughter starts college in eighteen years. Will his savings plan be successful? Use Excel or a financial calculator for computation. Round answer to the nearest dollar. a. S 0 b. Check

Answer 1

Question 3

The problem is related to future value of ordinary annuity.

Ordinary Annuity is a series of payment or receipt of equal /same amount for a specified period.

In ordinary annuity, the payment or receipt will occur at the end of a particular time or period.

Annual Deposit at the end of each year = $3,000

Rate of Interest = 8% compounded annually

Number of period = 3

Future Value of ordinary annuity = Annual Deposit $3,000 x FVIFA(8%, 3) i.e. 3.2464

= $9,739.20 or $9,739 nearest dollar

FVIFA (R, n) = Future Value interest factor for ordinary annuity at R% for n periods = ((1+R)ⁿ – 1) / R

FVIFA (8%, 3) = ((1+0.08)³ – 1) / 0.08 = 3.2464

Question 4

Present Value = Amount to be received in 3 years $3,000 x Present Value interest factor at 8% for 3 periods

= $3,000 x 1/(1+0.08)³

= $3,000 * 0.7938322

= $2,381.50 or $2,382

Hope the above calculations, working and explanations are clear to you and help you in understanding the concept of question.... please rate my answer...in case any doubt, post a comment and I will try to resolve the doubt ASAP…thank you

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