TABLE 13.2Present value of an annuity of $1½%3%4%5%6%7%8%1%0.99012%0.98040.99500.97090.96150.95240.9434 0.93461.98511.97041.94161.91351.88611.85941.83341.80800.92591.78332.57712.97022.94102.88392.8286 2.7751 2.72322.67302.62433.95053.90203.80773.7171 3.62993.54593.46513.38723.31214.92594.5797 4.45184.21244.10023.99275.89645.4172 5.24214.8534 4.71345.7955 5.60146.7282 6.47207.65174.32955.07575.78644.9173 4.76656.86216.2303 6.00215.5824 5.38937.82307.32557.01976.73276.46328.77918.5660 8.16227.78617.43537.10789.73049.4713 8.98268.53028.11097.72179.25268.76058.30644.62295.20646.2098 5.9713 5.74666.8017 6.5152 6.24697.3601 7.0236 6.71017.8869 7.4987 7.13908.38387.53617.90388.24428.55958.85149.95409.38518.86327.94278.35769.39368.85279.2950 8.74559.10799.446610.6770 10.3676 9.786811.6189 11.2551 10.575312.5562 12.1337 11.3483 10.6350 9.985613.4887 13.0037 12.1062 11.2961 10.5631 9.898614.4166 13.8650 12.8492 11.9379 11.1184 10.3796 9.712215.3399 14.7179 13.5777 12.5611 11.6523 10.8378 10.105916.2586 15.5622 14.2918 13.1661 12.1657 11.2741 10.4773 9.7632 9.121617.1728 16.3983 14.9920 13.7535 12.6593 11.6896 10.8276 10.0591 9.371918.0824 17.2260 15.6784 14.3238 13.1339 12.0853 11.1581 10.3356 9.603618.9874 18.0455 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.818123.4457 22.0231 19.5234 17.4131 15.6221 14.0939 12.7834 11.6536 10.674827.7941 25.8077 22.3964 19.6004 17.2920 15.3724 13.7648 12.4090 11.257836.1723 32.8347 27.3554 23.1148 19.7928 17.1591 15.0463 13.3317 11.924644.1428 39.1961 31.4236 25.7298 21.4822 18.2559 15.7619 13.8007 12.2335Period1234567891011121314151617181920253040509%11%10%12%0.9174 0.9091 0.9009 0.89291.7591 1.7355 1.7125 1.69012.5313 2.4869 2.4437 2.40183.1699 3.10243.23973.88973.7908 3.69593.03733.60484.11144.48594.3553 4.23055.0330 4.86845.5348 5.33494.56384.71225.14614.96765.32825.9952 5.7590 5.53706.4177 6.1446 5.88926.8052 6.4951 6.20657.1607 6.8137 6.49245.65025.93776.19447.4869 7.1034 6.7499 6.42357.7862 7.3667 6.9819 6.62828.0607 7.6061 7.1909 6.81098.3126 7.8237 7.3792 6.97408.5436 8.0216 7.5488 7.11968.7556 8.2014 7.7016 7.24978.9501 8.3649 7.8393 7.36589.1285 8.5136 7.9633 7.46949.8226 9.0770 8.4217 7.843110.2737 9.4269 8.6938 8.055210.7574 9.7790 8.9511 8.243810.9617 9.9148 9.0417 8.3045 Complete the following for the present value of an ordinary annuity. (Use Table 13.2.)Note: Do not round intermediate calculations. Round your answer to the nearest cent.Amount ofannuity expected$750PaymentAnnuallyTime4yearsInterest rate6 %Present value (amountneeded now to invest toreceive annuity)

The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ 750 Payment Annually Time 4 years Interest rate 6 % Present value (amount needed now to invest to receive annuity)

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ 750 Payment Annually Time 4 years Interest rate 6 % Present value (amount needed now to invest to receive annuity)

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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