# Question

Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.)

(a) What is the future value of $7,000 at the end of 5 periods at 8% compounded interest?

(b) What is the present value of $7,000 due 8 periods hence, discounted at 11%?

(c) What is the future value of 15 periodic payments of $7,000 each made at the end of each period and compounded at 10%?

(d) What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?

(a) What is the future value of $7,000 at the end of 5 periods at 8% compounded interest?

(b) What is the present value of $7,000 due 8 periods hence, discounted at 11%?

(c) What is the future value of 15 periodic payments of $7,000 each made at the end of each period and compounded at 10%?

(d) What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?

## Answer to relevant Questions

Using the appropriate interest table, answer the following questions. (Each case is independent of the others).(a) What is the future value of 20 periodic payments of $4,000 each made at the beginning of each period and ...Consider the following independent situations.(a) Mike Finley wishes to become a millionaire. His money market fund has a balance of $92,296 and has a guaranteed interest rate of 10%. How many years must Mike leave that ...Your client, Ron Santo Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 25 years. Santo has an investment cost of $365,755 in the machine, which has a useful life of 25 ...Larry’s Lawn Equipment sells high-quality lawn mowers and offers a 3-year warranty on all new lawn mowers sold. In 2008, Larry sold $300,000 of new specialty mowers for golf greens for which Larry’s service department ...Pete Sampras Corporation purchased trading investment bonds for $40,000 at par. At December 31, Sampras received annual interest of $2,000, and the fair value of the bonds was $38,400. Prepare Sampras’ journal entries for ...Post your question

0