Question: Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2011, of a five-period annual

Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2011, of a five-period annual annuity of $3,200 under each of the following situations (Use Table 2, Table 4, and Table 6) (Round "PV Factor" to 5 decimal places and final answers to the nearest dollar amount. Omit the "$" sign in your response):

(1) The first payment is received on December 31, 2012, and interest is compounded annually.

Present value $

(2) The first payment is received on December 31, 2011, and interest is compounded annually.

Present value $

(3) The first payment is received on December 31, 2012, and interest is compounded quarterly.

Present Value First Payment $ Second Payment Third Payment Fourth Payment Fifth Payment Total $

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 Accounting Questions!

The trial balance of the Kellen Davis Company shown below does not balance. Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. 1. The...

1 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 $3,500 under each of the...

Using the appropriate present value table and assuming a 12% annual interest rate, determine the pre value on December 31, 2016, of a five-period annual annuity of $4,700 under each of the following...

Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $2,300 under each of the...

Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $3,800 under each of the...

C 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 $5,000 under each of the...

Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $3,200 under each of the...

7 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...

Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2018, of a five-period annual annuity of $3,200 under each of the...

algorithmic Exercises w HL A Saved Help Save & Exit Subm. Check my work Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31,...

Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31 2018, of a five-period annual annuity of $3,800 under each of the...

Given the function f(x) = 4x 2, evaluate and simplify the expressions below. See special instructions on how to enter your answers. f(a) = Preview f(a + h) Preview f(a + h) f(a) Preview h...

Horticultural Products Inc. reported $889,800 profit in 2017 and declared preferred dividends of $79,800. The following changes in common shares outstanding occurred during the year. Jan. 1 60,000...

This questio Find the profit function if cost and revenue are given by C ( x ) = 1 4 2 6 . 2 x and R ( x ) = 7 x - 0 . 0 5 x 2 . The profit function is P ( x ) =

Draw a splay tree, T 1 , together with the sequence of updates that produced it, and a red-black tree, T 2 , on the same set of ten entries, such that a preorder traversal of T 1 would be the same as...

High-level computer technology has developed bit-sized microprocessors for use in operating industrial robots. To monitor the fraction of defective microprocessors produced by a manufacturing...

For the unity feedback system shown in Figure P8.3, where find K to yield closed-loop complex poles with a damping ratio of 0.55. Does your solution require a justification of a second-order...

Suppose that an integrated circuit chip possesses an exponential failure time distribution. Fifteen chips were put on accelerated life test until five of the chips failed. The first five failures...

Plaintiff Wall drove his car into a self-parking lot at OHare Airport in Chicago. He entered through an automatic gate and received a ticket bearing the date and time of arrival. He parked, locked...

Realiza un cuadro comparativo donde analices y expliques: Las diferencias y semejanzas entre los diferentes tipos de auditora incluyendo la auditoria adminstrativa

describe the services that an outplacement consultancy may provide.

2. How should this be dealt with by the organisation?

2. Obtain a copy of an organisations discipline and grievance procedure and compare it with how we have described these processes. Identify and comment on the similarities and differences.