Find the values of the following annuities on October 31, 2017 using 6.5% interest. ***NO COMPUTER SPREADSHEETS PLEASE*** a) A series of 12 annual payments of $6000 with the first payment on December 31, 2020.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 1PA: On January 1, 2018, King Inc. borrowed $150,000 and signed a 5-year, note payable with a 10%...
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Find the values of the following
annuities on October 31, 2017 using
6.5% interest. ***NO COMPUTER
SPREADSHEETS PLEASE***
a) A series of 12 annual payments of
$6000 with the first payment on
December 31, 2020.
b) Annual payments of $9000 made
every June 1 from 2007 to 2014.
c) Payments of $16,000 made every
March 31 from 2011 to 2020
Transcribed Image Text:Find the values of the following annuities on October 31, 2017 using 6.5% interest. ***NO COMPUTER SPREADSHEETS PLEASE*** a) A series of 12 annual payments of $6000 with the first payment on December 31, 2020. b) Annual payments of $9000 made every June 1 from 2007 to 2014. c) Payments of $16,000 made every March 31 from 2011 to 2020
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