Question: 4. (10 pts) Please show your work (a) Using the PVIF table, calculate the following: You want to have $12000 in 8 years, and you

4. (10 pts) Please show your work (a) Using the PVIF

4. (10 pts) Please show your work (a) Using the PVIF table, calculate the following: You want to have $12000 in 8 years, and you know you can earn 4% per year in your savings account. How much do you need to deposit today in order to achieve your goal? (b) Using the FVIF table, calculate the following: Your company is awarded a prize of $20000 for an innovative design. You do not need the cash at the moment and decide to invest in bonds that earn 3% and mature in 5 years. How much will your award money grow by the time the bonds mature

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

You own a producing oil well. If you do NOTHING, 1000 barrels of oil will ooze out of the ground in two years. Experts predict the oil can be sold for $100.80/barrel, two years from now. However, if...

please show all work and answers clearly a. Someone in the 36 percent tax bracket can earn 9 percent anmually on her investments in a tax-exempt 1RA account. What will be the value of a one-time...

Please show all work 1. Calculate the present value given the following information: future value + $1,000; number of periods = 3; interest rate of 5% 2. Calculate the future value given the...

5. Which of the following will generally increase a bond's yield to maturity (or return for the holder of the bond), all else equal? a. Callability b. Putability C. A sinking fund provision d....

Free Response Component: Please show all work and circle your final answers for the following questions. For calculations using the financial calculator, write down your inputs. If no work is shown...

this isHVAC Financial Analysis and a case. You have to look at the case to be able to solve the problems and to be able to write a 2 page paper questions ask about the case. Please take a look at...

I have three assignments that I need your help with. Please provide answers to study guide on answer sheet. Thank you in advance. E20-19 Determining fixed cost per unit Learning Objective 1 90 units...

I am looking to award the equivalant of 10 questions worth of points to whoever can solve this for me! Be thourough and follow the directs. and please show your work Prepare a retirement plan, using...

HVAC Ratio Analysis See Balance Sheet & Income Stmt. in HVAC Case on Canvas. IND LIQUIDITY RATIOS AVG 1994 1992 1993 1 Current 1.4 1.5 1.5 Name _____________________________________________ 1993...

1. value: 1.80 points Complete the ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of...

12/31/03 had the following balances in its S.E section of the B.S: Common Stock, $.50 par $300k APIC - Common Stock $4 million APIC - Share Repurchase $50k R.E $2 million Treasury Stock, at cost, 30k...

As a Financial Analyst in the Finance Department of Zeta Auto Corporation, you are recently hired in which is seeking to expand production. The CFO asks you to help decide whether the firm should set...

An owner investment of a building, at $200,000, along with a $55,000 outstanding mortgage, into an entry would: Select one: a- decrease liabilities $145,000 b- increase owner's equity $200,000 c-...

( 1 0 1 1 0 1 0 ) 2 to base 1 0