MyLab Accounting with Pearson eText -- Access Card -- for Financial Accounting
12th Edition
ISBN: 9780134727677
Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Publisher: PEARSON
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Question
Chapter F, Problem F.5Q
To determine
To identify: The present value of $3,000 at the end of seven years at 8% interest from the choices.
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What is the future value of $2,000 invested at the beginning of each year for six years at 4%?
a. $13,796.59
Ob.$13,286.11
C. $14,426.67
Od. $14,020.33
The future value of $7,000 deposited today and compounded semiannually at an 9% annual interest rate for four years is
a.$9,955.
b.$9,520.
c.$8,100.
d.$7,920
Assume that $1,000 is deposited today, two years from now, four years from now, six years from now, and eight years from now. At 8% interest compounded annually, determine the future value at the end of year 9.
(a) $4,174(b)$7,521(c) $2,085(d) $1,895
Chapter F Solutions
MyLab Accounting with Pearson eText -- Access Card -- for Financial Accounting
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Similar questions
- Find the amount to which $1,000 will mature in 3.5 years at 7 ¾% p.a.arrow_forwardUsing the following partial table of present value of $1 at compound interest, determine the present value of $25,000 to be received four years hence, with earnings at the rate of 10% a year. Year 6% 10% 12% 1 .943 .909 .893 2 .890 .826 .797 3 .840 .751 .712 4 .792 .683 .636 a.$22,725 b.$15,900 c.$17,075 d.$19,800arrow_forwardFind the accumulated value of an investment of $15,000 at 5% compounded semiannually for 12 years. $20,173.33 $27,130.89 $26,937.84 $24,000.00arrow_forward
- 1. At an annual interest rate of 7% the future value of $5,000 in five years is: $7,035 $3,569$6,757 $7,013arrow_forwardCompute the future value of $2,000 compounded annually for 10 years at 10 percent. Oa. $5,187 48 O b. $3,880.24 O c. $1,480.24 O d. $4,080.24arrow_forwardUsing the following partial table of present value of $1 at compound interest, the present value of $96,666 to be received 3 years hence with earnings at the rate of 6% a year is Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 A..$61,479.58 b.$76,559.47 c.$66,022.88 d.$81,199.44 please give me answerarrow_forward
- What would the future value of $125 be after 8 years at 8.5% compound interest? a. $205.83 b. $252.08 c. $240.08 d. $216.67arrow_forwardWhat is the value today of receiving $8,000 at the end of each six-month period for the next four years, assuming an interest rate of 8% Select one: a. $56,158 b. $52,994 c. $45,973 d. $73,714 e. $53,862arrow_forwardWhat is the future equivalent at EOY 8 of $5,000 annual payments made at the beginning of each year for 8 years at 7% annual interest rate? O a. $55,355 b. $51,644 c. $51,299 d. $54,890 e. $60,355arrow_forward
- If $100,000 is invested at 5.0% annual interest, compounding monthly, what is the balance after 3 years? a. $133,333 b. $152,120 c. $161,472 d. $159,124arrow_forwardWith an interest rate of 4 percent, the present value of $100 received three years from now is approximately a. $88.9. b. $104. O c. $100. O d. $96.15.arrow_forwardThe future value of $200 received today and deposited at 8 percent compounded semi annually for three years is approximately: a. $158 b. $252 c. $253 d. $232arrow_forward
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