Complete the following using present value. (Use the Table 12.3 provided.)Note: Do not round Intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4decimal places and final answer to the nearest cent.Amountdesired atend of periodS9,900Lengthof time3 yearsRateCompounded12 % MonthlyOn PV Table 12.3PeriodusedRate used96PV factor usedPV of amountdesired atend of period

Present value (PV) is the current value of a future value or stream of future cash flows at a…

Answered: Complete the following using present…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Complete the following using present value. (Use the Table 12.3.) (Do not round intermediate calculations. Round the "PV Factor" to 4 decimal places and final answer to the nearest cent.) On PV Table 12.3 Amount desired at end of period Length of time Rate Compounded Period used Rate used PV factor used PV of amount desired at end of period $18,100 5 years 24% Quarterly %
Complete the following using present value. (Use the Table provided.) (Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) Amount desired at On PV Table 12.3 PV of amount desired end of period Length of time Rate Compounded Period used Rate used PV factor used at end of period $8,400 10 years 8% semiannually $
Find the EAR in each of the following cases. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g ., 32.16. Use 365 days in a year. \table[[Stated Rate ( APR), \table[[Number of Times], [Compounded]], \table[[ Effective Rate], [(EAR)]]], [9.00, %, Quarterly, % Find the EAR in each of the following cases. Note: De not round intermediate calculations and enter your answers 365 days in a year rounded to 2 decimal places, eg. 32.16. Use Stated Rate (APR) Number of Times Compounded Effective Rate 17.00 % Mony 15.00%Daly 100% Serialy
Complete the following using present value. (Use the Table 12.3 provided.) Note: Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. Amount desired at end of period 6,200 Length of time 6 years Rate 3 % Compounded Semiannually On PV Table 12.3 Period used Rate used % PV factor used 736.0100 $ PV of amount desired at end of period 5,192.40
Complete the following using present value. (Use the Table 12.3.) (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) $ Amount desired at end of period 22,400 Length of time 13 years Rate On PV Table 12.3 Compounded Periods used 12 % Semiannually Rate used % PV factor used PV of amount desired at end of period
es Complete the following using the present value formula or financial calculator. Note: Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to decimal places and final answer to the nearest cent. Amount desired at end of period Length of time Rate Compounded Period used Periodic rate PV of amount desired at end of period $ 7,300 5 years 4 % Semiannually %
Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) On FV Table 12.1 Present value Length of time Rate Compounded Period used Rate used FV factor used Future value $12,309.66 6 years 8% Quarterly 24 2%
Complete the following using present value. (Use the Table 12.3.) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. Amount desired at end of period $ 19,200 Length of time 4 years Rate Compounded 12% Quarterly On PV Table 12.3 Period used Rate used % PV factor used PV of amount desired at end of period
complete the following using present value. (do not round intermediate calculations. round the "rate used" to the nearest tenth percent. round the "pv factor" to 4 decimal places and final answer to the nearest cent.) Amount desired at end of period: $7,800, Length of time: 10 years, Rate: 4%, Compounded: Semiannualy, Period used: ??, Rate used: ??, pv factor used: ??, pv of amount desired at end of period: ?? (on pv table 12.3)
Use the formula for simple interest, I = Prt, to find the indicated quantity. I=518; r= 4%; t= 3 months; P=? P= S (Type an integer or a decimal.)
Use the present value table to complete: (Round the "PV factor" answer to 4 decimal places.) Future Amount Desired Length of Time Rate Compounded Table Periods Rate Used P.V. Factor P.V. Amount $12,000 12 yrs 12% semiannually _______%
Use the future value formula, S= P(1+ rt), to compute the future value of S1192.00 over eight months at 5-% p.a. The future value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needea.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS