# Payment and frequency (PMT) Time in years (n) Interest rate and compound frequency (I/Y) Present Value (PV) Future Value (FV) a. $500.00 per quarter (end) 5 years 5% compounded quarterly ______________ Not Applicable b. $241.63 per month (end) 69 payments 6 ¾ % compounded monthly Not Applicable _______________ c. $____________ per quarter 7 years and 3 months 3 % compounded semi-annually $8,000.00 Not Applicable
# Payment and frequency (PMT) Time in years (n) Interest rate and compound frequency (I/Y) Present Value (PV) Future Value (FV) a. $500.00 per quarter (end) 5 years 5% compounded quarterly ______________ Not Applicable b. $241.63 per month (end) 69 payments 6 ¾ % compounded monthly Not Applicable _______________ c. $____________ per quarter 7 years and 3 months 3 % compounded semi-annually $8,000.00 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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|
# |
Payment and frequency (PMT) |
Time in years (n) |
Interest rate and compound frequency (I/Y) |
Present Value (PV) |
(FV) |
|
a. |
$500.00 per quarter (end) |
5 years |
5% compounded quarterly |
______________ |
Not Applicable |
|
b. |
$241.63 per month (end) |
69 payments |
6 ¾ % compounded monthly |
Not Applicable |
_______________ |
|
c. |
$____________ per quarter |
7 years and 3 months |
3 % compounded semi-annually |
$8,000.00 |
Not Applicable |
|
d. |
$445.30 per month |
__________years |
7.45 % compounded quarterly |
Not Applicable |
$24,788.40 |
|
e. |
$2,000 beginning of every six months |
12 ½ years |
_______compounded quarterly |
$46,000 |
Not Applicable |
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