8. 8. Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are made into a fund that pays interest at a rate of 8% compounded annually.Determine the amount in the fund immediately after the fifth deposit.7 Cick the icon to view the interest factors for discrete compounding when i= 8% per year.Immediately after the fifth deposit there will be $in the account. (Round to the nearest dollar.)7: More InfoSingle PaymentEqual Payment SeriesGradient SeriesCapitalRecoveryCompoundPresentCompoundSinkingFundPresentGradientGradientAmountWorthAmountWorthUniformPresentFactorFactorFactorFactorFactorFactorSeriesWorth(F/P, i, N)(P/F, i, N)(F/A, i, N)(A/F, i, N)(PIA, i, N)(A/P, i, N)(A/G, i, N)(P/G, i, N)11.08000.92591.00001.00000.92591.08000.00000.000021.16640.85732.08000.48081.78330.56080.48080.857331.25970.79383.24640.30802.57710.38800.94872.445041.36050.73504.50610.22193.31210.30191.40404.650151.46930.68065.86660.17053.99270.25051.84657.37246.1.58690.63027.33590.13634.62290.21632.276310.52331.71380.58358.92280.11215.20640.19212.693714.024281.85090.540310.63660.09405.74660.17403.098517.806191.99900.500212.48760.08016.24690.16013.491021.8081102.15890.463214.48660.06906.71010.14903.871325.9768

Year Deposit 1 10000 2 8000 3 6000 4 4000 5 2000 Discount rate = 8%

8. Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are made into a fund that pays interest at a rate of 8% compounded annually. Determine the amount in the fund immediately after the fifth deposit. 7 Click the icon to view the interest factors for discrete compounding when i= 8% per year. Immediately after the fifth deposit there will be $ in the account. (Round to the nearest dollar.)

8. Five annual deposits in the amounts of $10,000, $8,000, $6,000, $4,000, and $2,000, in that order, are made into a fund that pays interest at a rate of 8% compounded annually. Determine the amount in the fund immediately after the fifth deposit. 7 Click the icon to view the interest factors for discrete compounding when i= 8% per year. Immediately after the fifth deposit there will be $ in the account. (Round to the nearest dollar.)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 11E

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