Option 1 Option 2 Option 3 Required: plans Annual Rate 5% 7% 10% at the end of e Interest Compounded Annually Annually Annually Period Invested. 5 years 5 years 5 years
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- GMG Studios plans to invest $60,000 at the end of each year for the next three years. There are three investment options available. Annual Rate Interest Compounded Period Invested Option 1 7% Annually 3 years Option 2 9 Annually 3 years Option 3 11 Annually 3 years Required:Determine the accumulated investment amount by the end of the third year for each of the options.An investment will pay $16,400 at the end of each year for eight years and a one-time payment of $164,000 at the end of the eighth year. (FV of $1. PV of $1, EVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Required: Determine the present value of this investment using a 6 percent annual interest rate. Note: Round your intermediate calculations and final answer to nearest whole dollar. Present value of investmentAn investment will pay $16,700 at the end of each year for eight years and a one-time payment of $167,000 at the end of the eighth year. (FV of $1, PV of $1. FVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Required: Determine the present value of this investment using a 6 percent annual interest rate. Note: Round your Intermediate calculations and final answer to nearest whole dollar. Present value of investment
- Algoe expects to invest $2,500 annually for 15 years to yield an accumulated value of $62,822.50 on the date of the last investment. For this to occur, what rate of interest must Algoe earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Future Value Annuity Payment Table Factor Interest Rate %GMG Studios plans to invest $60,000 at the end of each year for the next three years. There are three investment options available. Period Annual Interest Compounded Annually Annually Annually Invested Rate Option 1 Option 2 Option 3 3 years 3 years З years 7 8 11 Required: Determine the accumulated investment amount by the end of the third year for each of the options. (FV of $1, PV of $1, EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Accumulated investment amount Option 1 Option 2 Option 3An investment will pay $21,600 at the end of the first year, $31,600 at the end of the second year, and $51,600 at the end of the third year. (FV of $1. PV of $1. EVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Required: Determine the present value of this investment using a 9 percent annual interest rate. Note: Round your intermediate calculations and final answer to nearest whole dollar. Present value of investment
- Ida is purchasing property worth $890,000 with a down payment of $284,800 and quarterly payments at the end of every three months for 30 years. If the interest rate of 2.67% compounded monthly for the 30 years: (a) What is the amount of each payment? Round the answer to the nearest cent. P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ (b) What is the cost of financing? Round the answer to the nearest cent. Cost of financing = $ (enter a positive value)Complete the following analysis of investment alternatives and select the preferred alternative. The study period is three years and the MARR = 15% per year. Alternative Alternative Alternative A B C Capital investment Annual revenues Annual costs Market value at EOY 3 PW (15%) Click the icon to view the interest and annuity table for discrete compounding when i=15% per year. OA. Alternative A OB. Alternative C OC. Alternative B OD. Do Nothing $11,000 3,900 240 4,900 578 The PW of the alternative B is $ (Round to the nearest dollar.) Select the preferred alternative. Choose the correct answer below. $15,000 6,500 450 6,100 ??? $13,100 5,500 400 2,800 385What is the value today of receiving $3,400 at the end of four years, assuming an interest rate of 7% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $3,044 $2,794 $2,594 $2,448
- Tom Thompson expects to invest $18,000 at 9% and, at the end of a certain period, receive $92,551. How many years will it be before Thompson receives the payment? (PV of $1. FV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value $ 92,551 Present Value $ 18,000 = Table Factor Years yearsManually calculate the compound interest on an investment of $12,500 at 7.5% interest, compounded semiannually, for 2 years. (Round value to the nearest cent) Group of answer choices $450.00 $1,983.00 $1,983.13 $14,483.14Fill the correct inputs on the T184 finance application to determine what initial investment would be required for an investor to have $28000 at the end of 3 if the investment paid an annual rate of 2.14% compounded annually. years N = 1% = PV = PMT => FV = P/Y = C/Y=