Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to thenearest cent.)InterestPayment amount end of Frequency ofpaymentLength of timePV of Annuityeach periodrate1,330Annually8 years8%acer%24 TABLE13-2Present value of an annuity of $1Perlod2%3%4%5%6%7%8%9%10% 11%12%13%0,98040.9709096150.95240.94340.9259091740.9091 0.90090.89290.88502.19416191351.88611.8594 1.8334180801.78331.7355 1.71252.5313 2.4869 2.4437 2.40183.2397 3.1699 3.1024 3.0373 2.97453.8897 3.7908 3.69594.4859 4.3553 4.2305 4.11145.0330 4.8684 47122 4.56385.5348 5.3349 5.14615.9952 5.7590 5.5370 5.3282 5.13176.1446 5.88926.4951 6.20651.75911.69011.66812.88392.82862.7751 2.72322.67302.62432.57712.36123.80773.7171.3.62993.4651 3.38723.31215.4.71344.57974.4518 4.3295 421244.10023.99273.60483.51729.5.60145.41725.24215.07574.91734.76654.62293.99756.47206.23036.00215.78645.58245.3893 5.206459713 5.74666.8017 65152 6.24697.0236 671017.4987 7.13908.3838 7.9427 7.53614.42267.32557.01976.73276.46326.20984.96764.79886.8.16227.78617.4353 7.1078108.98268.53028.1109 7.72177.36016.41775.65025.93775.4262119.78689.25268.7605 8.30647.88696.80525.68691210.57539.95409.38518.86327.16076.81376.49247.1034 6.74996.19445.91761311.34831063509.9856 9.39368.85278.3576 7.90387.48696.42356.12181412.106211.296110.56319.89869.29508.7455 8.2442 7.7862 736676.98196.6282 6.30251512.849211.937911.1184 10.37969.7122 9.10798.0607 7.6061 7.19098.3126 782378.55956.81096.46241613.577712.561111.6523 10.837810.10599.4466 8.85147.37926.97406.60391714.291813.166112.1657 11.2741 10.4773 976329.1216 8.5436 8.02167.54887.1196672911814.992013.753512.6593 11.6896 10.8276 10.059113.1339 12.0853 11.15818.7556 8.20147.7016724976.83991915.678414.32389.603613.5903 124622 11.4699 105940 9.81818.95018.36499.1285 8.51367.83937.36582016.351414.87757.9633 7.46948.4217 7.84317.02482519.523417.413115.622114.093912.7834 11653610.67489.8226 9.07707.33003022.396419.600417.292015.372413.764812.409011.257813.3317 11924618.2559 15.7619 13.8007 12.233510.27379.42698.05527.49574027.355423.114819.792817.159115046310.75749.77907.63445031.423625.7298 21482210.96179.9148 9.0417 8.30457.67524)6 7 8

Data Given: Annuity payment (A) = $1330 Time (n) = 8 years Rate (i)= 8% Formula for present value…

Using the annuity table, complete the following. (Use Iable 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of Frequency of payment Interest Length of time PV of Annuity each period rate 24 1,330 Annually 8 years 8 %

Using the annuity table, complete the following. (Use Iable 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of Frequency of payment Interest Length of time PV of Annuity each period rate 24 1,330 Annually 8 years 8 %

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

See similar textbooks

Similar questions

Give typing answer with explanation and conclusion to all parts If $387674 is used to purchase an annuity earning 5.5% compounded monthly and paying $3102 at the end of each month, what will be the term of the annuity? Include the final, smaller annuity payment in the total. (Just state total months as a number, not years and months) What is N? What is I/Y? What is C/Y? What is P/Y? What is PV? What is PMT? What is FV?
Complete the ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) amount of payment payment payable years interest rate value of annuity 12,700 semiannual 9 6%
Give typing answer with explanation and conclusion Determine the periodic payment for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral. Deferral period Payment interval (months) Interest rate (%) Compounding frequency Term (years) Present value ($) 27 months 1 6.4 Quarterly 20 50,000.00
For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i = interest rate, and n = number of years) (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.) Present Value Annuity Amount i = n = 1. ? $2,400 8% 5 2. 533,082 140,000 ? 4 3. 583,150 180,000 9% ? 4. 530,000 75,502 ? 8 5. 235,000 ? 10% 4
For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i=interest rate, and n=number of years)(FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of 1$ and PVAD of $1) (Use appropriate factor (s) from the tables provided. Round your final answers to nearest whole dollar amount.) Present Value Annuity Amount i= n= ______________ $ 2,600 8% 5 507,866 135,000 _____ 4 661,241 170,000 9% ____ 540,000 78,557 _____ 8 230,000 _____________ 10% 4
For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i = interest rate, and n = number of years) (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)
Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream. Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 ? $0.00 $600.00 $2,386.09 18 ? $13,278.73 $354.57 $0.00 40 ? $0.00 $1,872.79 $40,000.00 60 ? $266,564.09 $500.00 $0.00 Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 nothing% (Round to two decimal places.) $0.00 $600.00 $2,386.09 18 nothing% (Round to two decimal places.) $13,278.73 $354.57 $0.00 40 nothing% (Round to two decimal places.) $0.00 $1,872.79 $40,000.00…
For each of the following cases, indicate (a) to what rate columns, and (b) to what number of periods you would refer in looking up the interest factor.1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded (a) Rate of Interest (b) Number of Periods a. 11% 10 Annually % b. 8% 8 Quarterly % c. 10% 19 Semiannually % 2. In a present value of an annuity of 1 table: (Round answers to 1 decimal place, e.g. 458,58.1.) Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (b) Number of Periods a. 12% 30 30 Annually % b. 11% 16 32 Semiannually % c. 12% 8 32 Quarterly %
For each of the following cases, indicate (a) to what rate columns, and (b) to what number of periods you would refer in looking up the interest factor. 1. In a future value of 1 table: Annual Rate Number ofYears Invested Compounded a. 9% 9 Annually b. 12% 5 Quarterly c. 10% 15 Semiannually 2. In a present value of an annuity of 1 table: Annual Rate Number ofYears Involved Number ofRents Involved Frequency of Rents a. 9% 25 25 Annually b. 10% 15 30 Semiannually c. 12% 7 28 Quarterly
For each of the following cases, indicate (a) to what interest rate columns and (b) to what number of periods you would refer in looking up the future value factor. (Round percentages to 2 decimal places, e.g. 5,275.)(1) In Table 1 (future value of 1): Annual Rate Number ofYears Invested Compounded Case A 4% 3 Annually Case B 9% 5 Semiannually (a) (b) Case A % periods Case B % periods (2) In Table 2 (future value of an annuity of 1): Annual Rate Number ofYears Invested Compounded Case A 6% 5 Annually Case B 12% 6 Semiannually (a) (b) Case A % periods Case B % periods
hey could you please Fill out the entire annuity chart # 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 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
Solve the following exercise by using the present value formula. Do not round intermediate calculations. Round your answers to the nearest cent. Compound Amount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $13,000 7 years 8.5 semiannually $ $