Using the appropriate present value table and assuming a 12% annual interest rate, determine the present...
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Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2021, of a five-period annual annuity of $2,900 under each of the following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. The first payment is received on December 31, 2022, and interest is compounded annually. 2. The first payment is received on December 31, 2021, and interest is compounded annually. 3. The first payment is received on December 31, 2022, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2022, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Payment: n = i = PV - 12/31/2021: Required 1 Required 2 Required 3 The first payment is received on December 31, 2021, and interest is compounded annually. ( nearest whole dollar amount.) Table or calculator function: Payment: PV - 12/31/2021: Required 1 Required 2 Required 3 The first payment is received on December 31, 2022, and interest is compounded quarterly. nearest whole dollar amount.) Deposit Date n = Deposit PV - 12/31/2021 12131/2022 $ 2,900 12/31/2023 2,900 12/31/2024 2,900 12/31/2025 2,900 12/31/2026 2,900 $ %24 Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2021, of a five-period annual annuity of $2,900 under each of the following situations: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. The first payment is received on December 31, 2022, and interest is compounded annually. 2. The first payment is received on December 31, 2021, and interest is compounded annually. 3. The first payment is received on December 31, 2022, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2022, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Payment: n = i = PV - 12/31/2021: Required 1 Required 2 Required 3 The first payment is received on December 31, 2021, and interest is compounded annually. ( nearest whole dollar amount.) Table or calculator function: Payment: PV - 12/31/2021: Required 1 Required 2 Required 3 The first payment is received on December 31, 2022, and interest is compounded quarterly. nearest whole dollar amount.) Deposit Date n = Deposit PV - 12/31/2021 12131/2022 $ 2,900 12/31/2023 2,900 12/31/2024 2,900 12/31/2025 2,900 12/31/2026 2,900 $ %24
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Annual Payment 2900 Answer 1 Annual Interest Rate 1... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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