Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2. use the present value and the future value tabl

2. Use the present value and the future value tables or a financial calculator to...

70.2K

Verified Solution

Question

Accounting

image
2. Use the present value and the future value tables or a financial calculator to calculate answers to the following problems. 1. What is the present value of receiving $900 annually for 5 years at an interest rate of 12% 2. If$5,000 is deposited in the bank today, what will be its future value in 10 years with an 3. In order to accumulate $20,000 in 20 years, what annual payment must be made assuming an 4. If $9,000 is desired in five years, what amount must be deposited today assuming an interest 5. If $1,000 is deposited in an account every year for 15 years, what will be its value in 15 years compounded annually? interest rate of 10%, compounded semi-annually? interest rate of 8% compounded annually? rate of 12% compounded quarterly. assuming an interest rate of 9% compounded annually

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students