QUESTION 42Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30years @ 6% annual interest rate:Following are appropriate factors from tables:Table% / nPresent Value ofannuity due $16%/3012.15812$33,3333.33O $72,648.92Present Value ofordinary annuity of $113.76483Present value of $1.17411$????????? invested annually at the end of the year. Required Computations:O $12,648.91O $11,927.43Future Value ofordinary annuity of$179.05819

The value of an asset or investment on a particular future date is known as its future value. Stated…

QUESTION 42 Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30 years @ 6% annual interest rate: Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 6%/30 12.15812 Present Value of ordinary annuity of $1 13.76483 Present value of $1 .17411 $????????? invested annually at the end of the year. Required Computations: O $12,648.91 O $11,927.43 O $33,3333.33 O $72,648.92 Future Value of ordinary annuity of $1 79.05819

QUESTION 42 Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30 years @ 6% annual interest rate: Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 6%/30 12.15812 Present Value of ordinary annuity of $1 13.76483 Present value of $1 .17411 $????????? invested annually at the end of the year. Required Computations: O $12,648.91 O $11,927.43 O $33,3333.33 O $72,648.92 Future Value of ordinary annuity of $1 79.05819

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 13E

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