issing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30 years @ 6% annual interest rate: Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 Present
issing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30 years @ 6% annual interest rate: Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 Present
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 17E
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QUESTION 41
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Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30 years @ 6% annual interest rate:
Following are appropriate factors from tables:
Table
% / n
Present Value of annuity due $1
Present Value of ordinary annuity of $1
Present value of $1
Future Value of ordinary annuity of $1
6%/30
12.15812
13.76483
.17411
79.05819
One single deposit of $???????? for 30 years. Required Computations:
$166,666.66
$174,110
$175,933.83
$126,489
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