Fill in the entire chart for the below annuities by filling in all the blanks.          # Payment and frequency (PMT) Time in years            (n) Interest rate and compound frequency (I/Y) Present Value (PV) Future Value (FV) a. $5,682.04 per quarter (end)     5 years 5% compounded      quarterly   ______________   Not Applicable b. $241.63 per month (end)     69 payments    6 ¼ % compounded monthly   Not Applicable   _______________ c. $____________ per quarter    7 years and 3 months 3 % compounded semi-annually   $7,795.89   Not Applicable d. $445.30 per month   __________years 7.45 % compounded quarterly   Not Applicable   $24,788.40 e. $2,000 beginningof every six months   12 ½ years _______compounded quarterly   $37,708.30   Not Applicable f. $2,789.58 beginning of every 3 months 60 months 2.75% compounded quarterly   Not Applicable   _______________

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 7MC
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Q3): Fill in the entire chart for the below annuities by filling in all the blanks.

 

 

     #

Payment and frequency

(PMT)

Time in years

           (n)

Interest rate and compound frequency (I/Y)

Present Value (PV)

Future Value

(FV)

a.

$5,682.04 per quarter (end)

    5 years

5% compounded      quarterly

 

______________

 

Not Applicable

b.

$241.63 per month (end)

    69 payments

   6 ¼ % compounded monthly

 

Not Applicable

 

_______________

c.

$____________ per quarter

   7 years and 3 months

3 % compounded semi-annually

 

$7,795.89

 

Not Applicable

d.

$445.30 per month

 

__________years

7.45 % compounded quarterly

 

Not Applicable

 

$24,788.40

e.

$2,000 beginningof every six months

 

12 ½ years

_______compounded quarterly

 

$37,708.30

 

Not Applicable

f.

$2,789.58 beginning of every 3 months

60 months

2.75% compounded quarterly

 

Not Applicable

 

_______________

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