Homework Answers
Answer to Part 1
Amount = $5,000
Rate (r ) = 6%
Time (n ) = 5 years
Present Value = Amount * PV of $1 (i%, n)
Present Value = $5,000 * PV of $1 (6%, 5)
Present Value = $5,000 * 0.747
Present Value = $3,735
Answer to Part 2
Annual Payment = $5,000
Rate (r ) = 6%
Time (n ) = 5 years
Present Value of Annuity = Annual Payment * PVA of $1 (i%,
n)
Present Value of Annuity = $5,000 * PVA of $1 (6%, 5)
Present Value of Annuity = $5,000 * 4.212
Present Value of Annuity = $21,060
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his Question: 2 pts 4 of 4 (1 complete) This Calculate the present...
present value Calculate the present value of the following amounts: 1. $5,000 at the end of...
present value
Calculate the present value of the following amounts: 1. $5,000 at the end of five years at 6% 2. $5,000 a year at the end of the next five years at 6% (lf using present value tables, use factor amounts rounded to three decimal places, X.XX. Round your final answers to the nearest whole dollar) (Click the icon to view Present Value of $1 table) Click the icon to view Present Value of Ordinary Annuity of 51 table.)...
Calculate the present value of the following amounts: 1. $14 comma 00014,000 at the end of...
Calculate the present value of the following amounts:
1.
$14 comma 00014,000
at the end of
tenten
years at
88%
2.
$14 comma 00014,000
a year at the end of the next
tenten
years at
88%
(If using present value tables, use factor amounts rounded to
three decimal places, X.XXX. Round your final answers to the
nearest whole dollar.)
LOADING...
(Click the icon to view Present Value of $1 table.)
LOADING...
(Click the icon to view Present Value of Ordinary...
Present value of $1 Periods 4% 6% 8% 10% 12% 14% 1 0.962 0.943 0.926 0.909...
Present value of $1 Periods 4% 6% 8% 10% 12% 14% 1 0.962 0.943 0.926 0.909 0.893 0.877 2 0.925 0.890 0.857 0.826 0.797 0.769 3 0.889 0.840 0.794 0.751 0.712 0.675 4 0.855 0.792 0.735 0.683 0.636 0.592 5 0.822 0.747 0.681 0.621 0.567 0.519 6 0.790 0.705 0.630 0.564 0.507 0.456 7 0.760 0.665 0.583 0.513 0.452 0.400 8 0.731 0.627 0.540 0.467 0.404 0.351 9 0.703 0.592 0.500 0.424 0.361 0.308 10 0.676 0.558 0.463 0.386 0.322...
Present value of $1 Periods 4% 6% 8% 10% 12% 14% 1 0.962 0.943 0.926 0.909...
Present value of $1 Periods 4% 6% 8% 10% 12% 14% 1 0.962 0.943 0.926 0.909 0.893 0.877 2 0.925 0.890 0.857 0.826 0.797 0.769 3 0.889 0.840 0.794 0.751 0.712 0.675 4 0.855 0.792 0.735 0.683 0.636 0.592 5 0.822 0.747 0.681 0.621 0.567 0.519 6 0.790 0.705 0.630 0.564 0.507 0.456 7 0.760 0.665 0.583 0.513 0.452 0.400 8 0.731 0.627 0.540 0.467 0.404 0.351 9 0.703 0.592 0.500 0.424 0.361 0.308 10 0.676 0.558 0.463 0.386 0.322...
You have won $ 600 comma 000$600,000 in a lottery. Your winnings will be paid to...
You have won
$ 600 comma 000$600,000
in a lottery. Your winnings will be paid to you in equal annual
year-end installments of
$ 30 comma 000$30,000
over
2020
years. You estimate that you can earn
88%
on your investments. The present value of your
$ 600 comma 000$600,000
winnings would be closest to (If using present value tables,
use factor amounts rounded to three decimal places, X.XXX. Round
your final answer to the nearest whole dollar.)
LOADING...
(Click the...
QUESTION 11 Present value of an Annuity of $1 in Arrears Periods 4% 6% 8%...
QUESTION 11 Present value of an Annuity of $1 in Arrears Periods 4% 6% 8% 10% 12% 14% 1 0.962 0.943 0.926 0.909 0.893 0.877 2 1.886 1.833 1.783 1.736 1.690 1.647 3 2.775 2.673 2.577 2.487 2.402 2.322 4 3.630 3.465 3.312 3.170 3.037 2.914 5 4.452 4.212 3.993 3.791 3.605 4.433 6 5.242 4.917 4.623 4.355 4.111 3.889 7 6.002 5.582 5.206 4.868 4.564 4.288 8 6.733 6.210 5.747 5.335 4.968 4.639 9 7.435 6.802 6.247 5.759...
A. Using the following partial table of present value of $1 at compound Interest, the present...
A. Using the following partial table of present value of $1 at compound Interest, the present value of $79,077 to be received three years hence with earnings at the rate of 6% a year is (round to two decimal points). Year 6% 10% 12% 0.943 0.909 0.893 2 0.890 0.826 0.797 0.840 0.751 0.712 4 0.792 0.683 0.636 $66,424.68 $50,292.97 $54,009.59 $62,628.98 B.Use these present value table to answer the question that follow Below is a table for the present...
Following is a table for the present value of $1 at compound interest: Year 6% 10%...
Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is a table for the present value of an annuity of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables...
Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 1 0.943...
Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037...
Below is a table for the present value of $1 at compound interest. Year 6% 10%...
Below is a table for the present value of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 1 0.943 0.909 0.893 2 1.833 1.736 1.690 3 2.673 2.487 2.402 4 3.465 3.170 3.037 5 4.212 3.791 3.605 Using the tables...
present value
Calculate the present value of the following amounts: 1. $5,000 at the end of five years at 6% 2. $5,000 a year at the end of the next five years at 6% (lf using present value tables, use factor amounts rounded to three decimal places, X.XX. Round your final answers to the nearest whole dollar) (Click the icon to view Present Value of $1 table) Click the icon to view Present Value of Ordinary Annuity of 51 table.)...
Calculate the present value of the following amounts:
1.
$14 comma 00014,000
at the end of
tenten
years at
88%
2.
$14 comma 00014,000
a year at the end of the next
tenten
years at
88%
(If using present value tables, use factor amounts rounded to
three decimal places, X.XXX. Round your final answers to the
nearest whole dollar.)
LOADING...
(Click the icon to view Present Value of $1 table.)
LOADING...
(Click the icon to view Present Value of Ordinary...
You have won
$ 600 comma 000$600,000
in a lottery. Your winnings will be paid to you in equal annual
year-end installments of
$ 30 comma 000$30,000
over
2020
years. You estimate that you can earn
88%
on your investments. The present value of your
$ 600 comma 000$600,000
winnings would be closest to (If using present value tables,
use factor amounts rounded to three decimal places, X.XXX. Round
your final answer to the nearest whole dollar.)
LOADING...
(Click the...
A. Using the following partial table of present value of $1 at compound Interest, the present value of $79,077 to be received three years hence with earnings at the rate of 6% a year is (round to two decimal points). Year 6% 10% 12% 0.943 0.909 0.893 2 0.890 0.826 0.797 0.840 0.751 0.712 4 0.792 0.683 0.636 $66,424.68 $50,292.97 $54,009.59 $62,628.98 B.Use these present value table to answer the question that follow Below is a table for the present...
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