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Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of each period 1,450 Frequency of payment - Annually Length of time 7 years Interest rate 9 % PV of Annuity

Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of each period 1,450 Frequency of payment - Annually Length of time 7 years Interest rate 9 % PV of Annuity

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of each period 1,450 Frequency of payment - Annually Length of time 7 years Interest rate 9 % PV of Annuity
TABLE 13-2 Present value of an annuity of $1 Perlod 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 1 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.7125 1.6901 1.6681 3 2.8839 2.8286 7751 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 2.3612 4. 3.8077 3.7171 3.6299 3.5459 3.4651 3.3872 3.3121 3.2397 3.1699 3.1024 3.0373 2.9745 5. 4.7134 4.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 3.6959 3.6048 3.5172 6. 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 7. 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.7122 4.5638 4.4226 8. 7.3255 7.0197 6.7327 6.4632 6.2098 5.9713 5.7466 5.5348 5.3349 5.1461 4 9676 4.7988 9. 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 55370 5.3282 5.1317 10 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 5.4262 11 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 6.2065 5.9377 5.6869 12 10.5753 9.9540 9.3851 8.8632 8.3838 7.9427 7.5361 71607 6.8137 6.4924 6.1944 5.9176 13 11.3483 10.6350 9.9856 9.3936 8.8527 8.3576 7.9038 74869 7.1034 6.7499 6.4235 6.1218 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 77862 7.3667 6.9819 6.6282 6.3025 15 12.8492 11.9379 11.1184 10.3796 9.7122 9.1079 8.5595 8.0607 7.6061 7.1909 6.8109 6.4624 16 13.5777 125611 11.6523 10.8378 10.1059 9.4466 8.8514 8.3126 7.8237 7.3792 6.9740 6.6039 17 142918 13.1661 12.1657 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 7.5488 7.1196 6.7291 18 149920 13.7535 12.6593 11.6896 10.8276 10.0591 9.37 19 8.7556 8.2014 7.7016 7.2497 6.8399 19 15.6784 14.3238 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 7.8393 7.3658 6.9380 20 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 7.9633 7.4694 7.0248 25 19.5234 17.4131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 9.0770 8.4217 7.8431 7.3300 30 22.3964 19.6004 17.2920 15.3724 13.7648 12.4090 11.2578 10.2737 9.4269 8.6938 8.0552 7.4957 40 27.3554 23.1148 19.7928 17.1591 15.0463 133317 11.9246 10.7574 9.7790 8.9511 8.2438 7,6344 50 31.4236 25.7298 21.4822 18.2559 15.7619 13.8007 12.2335 10.9617 9.9148 9.0417 8.3045 7.6752
Transcribed Image Text:TABLE 13-2 Present value of an annuity of $1 Perlod 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 1 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9009 0.8929 0.8850 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.7125 1.6901 1.6681 3 2.8839 2.8286 7751 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 2.4437 2.4018 2.3612 4. 3.8077 3.7171 3.6299 3.5459 3.4651 3.3872 3.3121 3.2397 3.1699 3.1024 3.0373 2.9745 5. 4.7134 4.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 3.6959 3.6048 3.5172 6. 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 4.2305 4.1114 3.9975 7. 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.7122 4.5638 4.4226 8. 7.3255 7.0197 6.7327 6.4632 6.2098 5.9713 5.7466 5.5348 5.3349 5.1461 4 9676 4.7988 9. 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 5.9952 5.7590 55370 5.3282 5.1317 10 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101 6.4177 6.1446 5.8892 5.6502 5.4262 11 9.7868 9.2526 8.7605 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 6.2065 5.9377 5.6869 12 10.5753 9.9540 9.3851 8.8632 8.3838 7.9427 7.5361 71607 6.8137 6.4924 6.1944 5.9176 13 11.3483 10.6350 9.9856 9.3936 8.8527 8.3576 7.9038 74869 7.1034 6.7499 6.4235 6.1218 14 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 77862 7.3667 6.9819 6.6282 6.3025 15 12.8492 11.9379 11.1184 10.3796 9.7122 9.1079 8.5595 8.0607 7.6061 7.1909 6.8109 6.4624 16 13.5777 125611 11.6523 10.8378 10.1059 9.4466 8.8514 8.3126 7.8237 7.3792 6.9740 6.6039 17 142918 13.1661 12.1657 11.2741 10.4773 9.7632 9.1216 8.5436 8.0216 7.5488 7.1196 6.7291 18 149920 13.7535 12.6593 11.6896 10.8276 10.0591 9.37 19 8.7556 8.2014 7.7016 7.2497 6.8399 19 15.6784 14.3238 13.1339 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 7.8393 7.3658 6.9380 20 16.3514 14.8775 13.5903 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 7.9633 7.4694 7.0248 25 19.5234 17.4131 15.6221 14.0939 12.7834 11.6536 10.6748 9.8226 9.0770 8.4217 7.8431 7.3300 30 22.3964 19.6004 17.2920 15.3724 13.7648 12.4090 11.2578 10.2737 9.4269 8.6938 8.0552 7.4957 40 27.3554 23.1148 19.7928 17.1591 15.0463 133317 11.9246 10.7574 9.7790 8.9511 8.2438 7,6344 50 31.4236 25.7298 21.4822 18.2559 15.7619 13.8007 12.2335 10.9617 9.9148 9.0417 8.3045 7.6752
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