Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ LA 900 Payment Annually Time 4 years Interest rate 6 % Present value (amount needed now to invest to receive annuity) TABLE 13.2 Present value of an annuity of $1 Period ¹2% 1% 2% 3% 0.9709 1 0.9950 0.9901 0.9804 2 1.9851 1.9704 1.9416 1.9135 3 2.9702 2.9410 2.8839 2.8286 4 3.9505 3.9020 3.8077 3.7171 4.9259 5.8964 5.7955 6.8621 4.8534 4.7134 4.5797 5.6014 5.4172 5.2421 6.7282 6.4720 6.2303 6.0021 7.3255 7.0197 6.7327 6.4632 8.1622 7.7861 7.4353 7.1078 7.8230 7.6517 8.7791 8.5660 9.7304 8.5302 8.1109 7.7217 8.7605 8.3064 8.8632 9.4713 8.9826 10.6770 10.3676 9.7868 9.2526 11.6189 11.2551 10.5753 9.9540 9.3851 12.5562 12.1337 11.3483 13.4887 13.0037 12.1062 14.4166 13.8650 12.8492 15.3399 14.7179 13.5777 10.6350 9.9856 9.3936 11.2961 10.5631 9.8986 11.9379 11.1184 10.3796 12.5611 11.6523 10.8378 10.1059 16.2586 15.5622 14.2918 13.1661 12.1657 11.2741 10.4773 17.1728 16.3983 14.9920 13.7535 12.6593 18.0824 17.2260 15.6784 14.3238 13.1339 12.0853 11.1581 18.0455 16.3514 14.8775 13.5903 12.4622 23.4457 22.0231 19.5234 17.4131 15.6221 14.0939 27.7941 25.8077 22.3964 19.6004 17.2920 15.3724 18.9874 36.1723 32.8347 27.3554 23.1148 19.7928 17.1591 39.1961 31.4236 25.7298 21.4822 18.2559 44.1428 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 7% 6% 0.9434 0.9346 1.8334 1.8080 2.6730 2.6243 3.4651 3.3872 8% 0.9259 1.7833 2.5771 3.3121 4.2124 4.1002 3.9927 4.9173 4.7665 5.3893 6.2098 5.9713 6.8017 6.5152 7.3601 7.0236 7.8869 7.4987 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.3838 7.9427 8.8527 8.3576 9.2950 8.7455 9.7122 9.1079 8.5595 9.4466 8.8514 9.7632 9.1216 11.6896 10.8276 10.0591 9.3719 10.3356 9.6036 9.8181 11.4699 10.5940 12.7834 11.6536 10.6748 13.7648 12.4090 11.2578 15.0463 13.3317 11.9246 15.7619 13.8007 12.2335 4% 0.9615 5% 0.9524 1.8861 1.8594 2.7751 2.7232 3.6299 3.5459 4.4518 4.3295 5.0757 5.7864 5.5824 اااال M .. ▬▬▬▬TTEFE 12% 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 10% 11% 9% 0.9174 0.9091 0.9009 1.7591 1.7355 1.7125 2.5313 2.4869 2.4437 3.2397 3.1699 3.1024 3.8897 3.7908 3.6959 4.4859 4.3553 4.2305 5.5348 5.3349 5.0330 4.8684 4.7122 5.1461 5.9952 5.7590 5.5370 6.4177 6.1446 5.8892 6.8052 6.4951 6.2065 7.1607 6.8137 6.4924 6.7499 7.4869 7.1034 7.7862 7.3667 6.9819 8.0607 7.6061 7.1909 6.8109 8.3126 7.8237 7.3792 6.9740 7.1196 8.5436 8.0216 7.5488 8.7556 8.2014 7.7016 7.2497 7.3658 8.9501 8.3649 7.8393 9.1285 8.5136 7.9633 9.8226 9.0770 8.4217 7.4694 7.8431 8.0552 10.2737 9.4269 8.6938 10.7574 9.7790 8.9511 8.2438 10.9617 9.9148 9.0417 8.3045 Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ LA 900 Payment Annually Time 4 years Interest rate 6 % Present value (amount needed now to invest to receive annuity) TABLE 13.2 Present value of an annuity of $1 Period ¹2% 1% 2% 3% 0.9709 1 0.9950 0.9901 0.9804 2 1.9851 1.9704 1.9416 1.9135 3 2.9702 2.9410 2.8839 2.8286 4 3.9505 3.9020 3.8077 3.7171 4.9259 5.8964 5.7955 6.8621 4.8534 4.7134 4.5797 5.6014 5.4172 5.2421 6.7282 6.4720 6.2303 6.0021 7.3255 7.0197 6.7327 6.4632 8.1622 7.7861 7.4353 7.1078 7.8230 7.6517 8.7791 8.5660 9.7304 8.5302 8.1109 7.7217 8.7605 8.3064 8.8632 9.4713 8.9826 10.6770 10.3676 9.7868 9.2526 11.6189 11.2551 10.5753 9.9540 9.3851 12.5562 12.1337 11.3483 13.4887 13.0037 12.1062 14.4166 13.8650 12.8492 15.3399 14.7179 13.5777 10.6350 9.9856 9.3936 11.2961 10.5631 9.8986 11.9379 11.1184 10.3796 12.5611 11.6523 10.8378 10.1059 16.2586 15.5622 14.2918 13.1661 12.1657 11.2741 10.4773 17.1728 16.3983 14.9920 13.7535 12.6593 18.0824 17.2260 15.6784 14.3238 13.1339 12.0853 11.1581 18.0455 16.3514 14.8775 13.5903 12.4622 23.4457 22.0231 19.5234 17.4131 15.6221 14.0939 27.7941 25.8077 22.3964 19.6004 17.2920 15.3724 18.9874 36.1723 32.8347 27.3554 23.1148 19.7928 17.1591 39.1961 31.4236 25.7298 21.4822 18.2559 44.1428 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 7% 6% 0.9434 0.9346 1.8334 1.8080 2.6730 2.6243 3.4651 3.3872 8% 0.9259 1.7833 2.5771 3.3121 4.2124 4.1002 3.9927 4.9173 4.7665 5.3893 6.2098 5.9713 6.8017 6.5152 7.3601 7.0236 7.8869 7.4987 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.3838 7.9427 8.8527 8.3576 9.2950 8.7455 9.7122 9.1079 8.5595 9.4466 8.8514 9.7632 9.1216 11.6896 10.8276 10.0591 9.3719 10.3356 9.6036 9.8181 11.4699 10.5940 12.7834 11.6536 10.6748 13.7648 12.4090 11.2578 15.0463 13.3317 11.9246 15.7619 13.8007 12.2335 4% 0.9615 5% 0.9524 1.8861 1.8594 2.7751 2.7232 3.6299 3.5459 4.4518 4.3295 5.0757 5.7864 5.5824 اااال M .. ▬▬▬▬TTEFE 12% 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 10% 11% 9% 0.9174 0.9091 0.9009 1.7591 1.7355 1.7125 2.5313 2.4869 2.4437 3.2397 3.1699 3.1024 3.8897 3.7908 3.6959 4.4859 4.3553 4.2305 5.5348 5.3349 5.0330 4.8684 4.7122 5.1461 5.9952 5.7590 5.5370 6.4177 6.1446 5.8892 6.8052 6.4951 6.2065 7.1607 6.8137 6.4924 6.7499 7.4869 7.1034 7.7862 7.3667 6.9819 8.0607 7.6061 7.1909 6.8109 8.3126 7.8237 7.3792 6.9740 7.1196 8.5436 8.0216 7.5488 8.7556 8.2014 7.7016 7.2497 7.3658 8.9501 8.3649 7.8393 9.1285 8.5136 7.9633 9.8226 9.0770 8.4217 7.4694 7.8431 8.0552 10.2737 9.4269 8.6938 10.7574 9.7790 8.9511 8.2438 10.9617 9.9148 9.0417 8.3045
Expert Answer:
Answer rating: 100% (QA)
To calculate the present value of an ordinary annuity you can ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
Students also viewed these finance questions
-
Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly. A. The present value is $28,948.67. B. The present value is $29,433.94. C. The present value...
-
Multiple Choice Questions Items 1 through 4 require use of present value tables. The following are the present value factors of $1 discounted at 8% for one to five periods. Each item is based on 8%...
-
The treasurer of Kelly Bottling Company (a corporation) currently has $200,000 invested in preferred stock yielding 10 percent. He appreciates the tax advantages of preferred stock and is considering...
-
MVP Company issued a callable bond. The bond is a 7% semiannual coupon bond currently priced at 102 that has a remaining time to maturity of seven years. The bond is callable beginning the end of...
-
Ultracentrifugation of proteins estimate the steady-state concentration profile when a typical albumin solution is subjected to a centrifugal field 50,000 times the force of gravity under the...
-
What are ordering costs? Provide some examples.
-
Find a California case where social media was used.
-
Your roommate, Matt Mikan, contends that accounting contributes to most of the steps in managements decision- making process. Is your roommate correct? Explain.
-
Case 11-2: McMichael Inc. Art Flynn, packaging buyer for McMichael Inc. (MI), was working on an import substitution project involving a local minority supplier. He was concerned, however, that his...
-
Sullivan Ranch Corporation has purchased a new tractor. The following information is given: $150,000 $10,000 Cost: Estimated Residual: Estimated Life in years: Estimated Life in hours: Actual Hours:...
-
CBC Inc. invests in a project that requires a machine of $49,000 and will generate annual taxable cash flow of $6,200 for 10 years. The machine has a CCA rate of 15% and salvage value of $800 at year...
-
For what are behavior diagrams used? Give some examples of behavior diagrams.
-
The random variable Y is normally distributed with Y = 28.00 and Y = 10. Find the following values of b: (a) P(Y b) = .8106 (c) P(Y> b) = .0099 (d) P(Y
-
Two firms have entered an agreement to set prices. The accompanying payoff matrix shows profit for each firm in a market depending upon whether the firm cheats on the agreement by reducing its...
-
Why might the investor in a mutual fund be faced with a potential tax liability arising from capital gains even though the investor did not benefit from such a gain?
-
Compared to accounting principles currently in use, the pooling method BetterCare used for its Statewide Medical acquisition has most likely caused its reported: A. revenue to be higher. B. total...
-
Find the minimal spanning tree using Kruskal's Algorithm for the following graph 743799 3 12 4 8 1 4 2 11 5 13 2 6 8 7 314637603-81304-2023/03/11-20 10 5 9 9 037 Prove that (Vx) (P(x) ^ Q(x))...
-
Refer to Exercise 8.S.I. Construct a scatterplot of the data. Does the appearance of the scatterplot indicate that the pairing was effective? Explain. Exercise 8.S.I. A volunteer working at an animal...
-
What amount of the proceeds from the issuance of no-par, no-stated-value stock is recorded in the Capital Stock account?
-
Discuss how to develop a ranking for determining in which order to include convertible securities in a corporations diluted earnings per share calculations.
-
Butler Company has 30,000 shares of common stock outstanding during all of 2007. This common stock has been selling at an average market price of $45 per share. The company also has outstanding for...
-
Figure P18-39 shows two similar unit pulse waveforms. The only difference is that the first pulse is positive from \(-T / 2\) to \(T / 2\), while the second pulse goes from \(+\mathrm{A}\) to...
-
Describe the principal types of audits performed by independent auditors and indicate the established criteria and primary users of each tyr
-
Contrast the activities of independent, internal, and governmental auditors.
Study smarter with the SolutionInn App