Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Roundyour answer to the nearest cent.)Amount of annuityexpectedPresent value (amountneeded now to invest toreceive annuity)InterestPaymentTimerate$900Annually4 years6 % TABLE13-2Present value of an annuity of $1Perlod2%3%4%5%6%7%8%9%10%11%12%13%10.98040.97090.96150.95240.94340.93460.92590.91740.90910.90090.89290.88501.94161.91351.88611.85941.83341.80801.78331.75911.73551.71251.69011.66812.88392.82862.77512.72322.67302.62432.57712.53132.48692.44372.40182.361243.80773.71713.62993.54593.46513.38723.31213.23973.16993.10243.03732.97454.7 1344.57974.45184.32954.21244.10023.99273.88973.79083.69593.60483.51725.60145.41725.24215.07574.91734.76654.62294.48594.35534.23054.11143.99756.47206.23036.00215.78645.58245.38935.20645.03304.86844.71224.56384.42268.7.32557.01976.73276.46326.20985.97 135.74665.53485.33495.14614.96764.79886.8.16227.78617.43537.10786.80176.51526.24695.99525.75905.53705.32825.1317108.98268.53028.11097.72177.36017.02366.71016.41776.14465.88925.65025.4262119.78689.25268.76058.30647.88697.49877.13906.80526.49516.20655.93775.68691210.57539.95409.38518.86328.38387.94277.53617.16076.81376.49246.19445.91761311.348310.63509.98569.39368.85278.35767.90387.48697.10346.74996.42356.12181412.106211.296110.56319.89869.29508.74558.24427.78627.36676.98196.62826.30251512.849211.937911.118410.37969.71229.10798.55958.06077.60617.19096.81096.46241613.577712.561111.652310.837810.10599.44668.85148.31267.82377.37926.97406.60391714.291813.166112.165711.274110.47739.76329.12168.54368.02167.54887.11966.72911814.992013.753512.659311.689610.827610.05919.37 198.75568.20147.70167.24976.83991915.678414.323813.133912.085311.158110.33569.60368.95018.36497.83937.36586.93802016.351414.877513.590312.462211.469910.59409.81819.12858.51367.96337.46947.02482519.523417.413115.622114.093912.783411.653610.67489.82269.07708.42177.84317.33003022.396419.600417.292015.372413.764812.409011.257810.27379.42698.69388.05527.49574027.355423.114819.792817.159115.046313.331711.924610.75749.77908.95118.24387.63445031.423625.729821.482218.255915.761913.800712.233510.96179.91489.04178.30457.67523.LO

Ans. For computing the value of an ordinary annuity the present value factors should be taken into…

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of annuity expected Present value (amount needed now to invest to receive annuity) Interest Payment Time rate $ 900 Annually 4 years 6 %

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of annuity expected Present value (amount needed now to invest to receive annuity) Interest Payment Time rate $ 900 Annually 4 years 6 %

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 20E

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