Question
In: Accounting
6. For each of the following situations involving single amounts, solve for the unknown. Assume that...
6. For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (i = interest rate, and n = number of years) (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.)
Present Value Future Value
i n
1. ? $76,000 11.0% 7
2. $26,933 $90,000 ? 14
3. $17,670 $49,000 12.0% ?
4. $39,710 $190,000 ? 15
5. $24,439 ? 11.0% 12
Solutions
Expert Solution
| pv | fv | i | n | |
| 1 | 36606 | 76000 | 11 | 7 |
| 2 | 26933 | 90000 | 9 | 14 |
| 3 | 17670 | 49000 | 12 | 9 |
| 4 | 39710 | 190000 | 11 | 15 |
| 5 | 24439 | 85499 | 11 | 12 |
1
| pv of 1$ | 0.481658 |
| fv | 76000 |
| pv | 76000*0.481658 |
| pv of 76000 | 36606 |
2
| PV | = | FV*[Pvfactor for n years and I interest) | |
| 26933 | = | 90000 for n= 14 and I = ? | |
| 26933/90000 | = | pv factor for n = 14 years and I = ? | |
| 0.299256 | = | pv factor for n = 14 years and I = ? | |
| closest to pv factor for i=9% | |||
3
| PV | = | FV*[Pvfactor for n years and I interest) |
| 17670 | = | 49000*(pv factory for n=?, I =12) |
| 0.360612 | = | (pv factory for n=?, I =12) |
| closest to pv factor for n = 9 | ||
4
| PV | = | FV*[Pvfactor for n years and I interest) |
| 39710 | = | 190000*(pv factory for n=15, I =? |
| 0.209 | = | (pv factory for n=15, I =?) |
| closest to pv factor for i= 11% | ||
5
| FV of 1$ | 3.49845 |
| PV | 24439 |
| FV | 24439*3.49845 |
| FV of 76000 | 85499 |
|
HOPE THIS WAS HELPFUL. A LOT OF EFFORTS HAVE BEEN PUT INTO THIS TO MAKE IT EASILY UNDERSTANDABLE. |
| INCASE OF DOUBTS GET BACK TO ME. |
| DO CONSIDER GIVING THIS A THUMBS UP. |
ekkarill92 answered 2 years agoRelated Solutions
For each of the following situations involving single amounts, solve for the unknown. Assume that interest...
For each of the following situations involving single amounts,
solve for the unknown. Assume that interest is compounded annually.
(i = interest rate, and n = number of years) (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.)
Present Value Future Value i n
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C
D
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$29,000
$45,000
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18,000
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B
C
D
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$29,000
$45,000
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Liabilities
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22,000
36,000
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Liabilities
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18,000
24,000
Dividends
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18,500
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23,500
Expenses
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38,000
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34,000
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