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Check my work Mike Derr Company expects to earn 10% per year on an investment that will pay $596,000 nine years from now. (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 Compute the present value of this investment. points Skipped Future Value Table Factor Present Value = eBook Hint Print ReferencesCheck my work 2 Tom Thompson expects to invest $24,000 at 9% and, at the end of a certain period, receive $103,862. How many years will it be before Thompson receives the payment? (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 points Future Value Present Value Table Factor Years Skipped years eBook Hint Print ReferencesCheck my work 3 Bill Padley expects to invest $13,000 for 2 years, after which he wants to receive $14,060.80. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 points Future Value Present Value Table Factor Interest Rate Skipped eBook Hint Print References3.07 points Skipped eBook Hint Print References Check my work Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,100 plus earned interest must remain in the account 3 years before it can be withdrawn. How much money will be in the account at the end of 3 years? (PV of $_1, FV of $_1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) @ Check my work 5 Jones expects an immediate investment of $100,171.90 to return $23,000 annually for six years, with the first payment to be received one year from now. What rate of interest must Jones earn? (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 points Present Value Annuity Payment Table Factor Interest Rate = eBook Hint Print ReferencesCheck my work 6 Keith Riggins expects an investment of $100,422.90 to return $9,000 annually for several years. If Riggins earns a return of 6%, how many annual payments will he receive? (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 points Present Value Annuity Payment Table Factor Annual Payments payments eBook Hint Print ReferencesC&H Ski Club recently borrowed money and agreed to pay it back with a series of six annual payments of $7,000 each. C&H subsequently borrows more money and agrees to pay it back with a series of four annual payments of $22,000 each. The annual interest rate for both loans is 8%. Find the present value of these two separate annuities. (PV of $1, FV of $1, PVA of $1, and FVA of $1] 307 [Use appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar. Round \"Table Factor'I to 4 points decimal places.) eBook Hint First payment 1 Print Second payment 2 8% 7,000 x WHEN\" Third payment 3 3% 7,000 x Fourth payment 4 8% 7,000 x Fifth payment 5 8% 7,000 x Sixth payment 6 8% 7,000 x First payment Second payment 8% 22,000 x 8% 22,000 x 8% 22,000 x Third payment bumi Fourth payment Check my 8 Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $21,000 each on June 30 and December 31 of both this year and next year. (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 points 1. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? eBook Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually? Periodic Cash Flow Table Factor Present Value = 8 Otto Company borrows money on January 1 and promises to pay it back in four semiannual payments of $21,000 each on June 30 and December 31 of both this year and next year. (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 points 1. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? 3. How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually? eBook Hint Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually? Periodic Cash Flow Table Factor Present Value = 8 Otto Company borrows money on Januaryl and promises to pay it back in four semiannual payments of $21,000 each on June 30 and December 31 of both this year and next year. (PV of $1, FV of $_1, PVA of $_1, and FVA of $1) (Use appropriate factorls) from the tables provided. Round "Table Factor" to 4 decimal places.) 3.07 points 1. How much money is Otto able to borrow if the interest rate is 4%, compounded semiannually? 2. How much money is Otto able to borrow if the interest rate is 8%, compounded semiannually'? 3. How much money is Otto able to borrow it the interest rate is 10%, compounded semiannually? eEuok Hlm Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 How much money is Otto able to borrow if the interest rate is 10%, compounded semiannually?

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