Exercise F-1 Future value and present value

To determine the appropriate discount factor(s) using tables, click here to view Tables I, II, III, or IV in the appendix.

Alternatively, if you calculate the discount factor(s) using a formula, round to six (6) decimal places before using the factor in the problem. (Round your answers to the nearest dollar amount.)

Required

a. The future value of $15,000 invested at 6 percent for 12 years.

b. The future value of eight annual payments of $1,150 at 8 percent interest.

c. The amount that must be deposited today (present value) at 9 percent to accumulate $59,000 in five years.

d. The annual payment on a 10-year, 4 percent, $20,000 note payable.

Answer rating: 100% (QA)

a The future value of 15000 invested at 6 percent for 12 years Solution Compu... View the full answer