# Question: Refer to the appropriate tables in the text Required Round answers

Refer to the appropriate tables in the text.

Required:

Round answers to two decimal places. Determine:

a. The future value of a single cash flow of $ 5,000 that earns 7 percent interest compounded annually for 10 years.

b. The future value of an annual annuity of 10 cash flows of $ 500 each that earns 7 percent compounded annually.

c. The present value of $ 5,000 to be received 10 years from now, assuming that the interest (discount) rate is 7 percent per year.

d. The present value of an annuity of $ 500 per year for 10 years for which the interest (discount) rate is 7 percent per year and the first cash flow occurs one year from now.

Required:

Round answers to two decimal places. Determine:

a. The future value of a single cash flow of $ 5,000 that earns 7 percent interest compounded annually for 10 years.

b. The future value of an annual annuity of 10 cash flows of $ 500 each that earns 7 percent compounded annually.

c. The present value of $ 5,000 to be received 10 years from now, assuming that the interest (discount) rate is 7 percent per year.

d. The present value of an annuity of $ 500 per year for 10 years for which the interest (discount) rate is 7 percent per year and the first cash flow occurs one year from now.

## Answer to relevant Questions

Name and describe the three categories of the statement of cash flows. Refer to the appropriate tables in the text. Required: Determine: a. The present value of $ 1,200 to be received in seven years, assuming that the interest (discount) rate is 8 percent per year. b. The present value of ...Refer to the appropriate tables in the text. Required: Round answers to two decimal places. Determine: a. The present value of a single $ 14,000 cash flow in seven years if the interest (discount) rate is 8 percent per ...Wilke Properties owns land on which natural gas wells are located. Cincinnati Gas Company signs a note to buy this land from Wilke on January 1, 2012. The note requires Cincinnati to pay Wilke $ 775,000 per year for 25 ...Michelle McFeaters can earn 6 percent. Required: How much would have to be deposited in a savings account in order for Michelle to be able to make equal annual withdrawals of $ 200 at the end of each of 10 years?Post your question