66.
Present Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
0.9151
0.8890
0.8638
0.8396
0.8163
0.7938
0.7722
0.7513
0.7118
4
0.8885
0.8548
0.8227
0.7921
0.7629
0.7350
0.7084
0.6830
0.6355
5
0.8626
0.8219
0.7835
0.7473
0.7130
0.6806
0.6499
0.6209
0.5674
6
0.8375
0.7903
0.7462
0.7050
0.6663
0.6302
0.5963
0.5645
0.5066
7
0.8131
0.7599
0.7107
0.6651
0.6227
0.5835
0.5470
0.5132
0.4523
8
0.7894
0.7307
0.6768
0.6274
0.5820
0.5403
0.5019
0.4665
0.4039
9
0.7664
0.7026
0.6446
0.5919
0.5439
0.5002
0.4604
0.4241
0.3606
10
0.7441
0.6756
0.6139
0.5584
0.5083
0.4632
0.4224
0.3855
0.3220
Future Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
1.0927
1.1249
1.1576
1.1910
1.2250
1.2597
1.2950
1.3310
1.4049
4
1.1255
1.1699
1.2155
1.2625
1.3108
1.3605
1.4116
1.4641
1.5735
5
1.1593
1.2167
1.2763
1.3382
1.4026
1.4693
1.5386
1.6105
1.7623
6
1.1941
1.2653
1.3401
1.4185
1.5007
1.5869
1.6771
1.7716
1.9738
7
1.2299
1.3159
1.4071
1.5036
1.6058
1.7138
1.8280
1.9487
2.2107
8
1.2668
1.3686
1.4775
1.5938
1.7182
1.8509
1.9926
2.1436
2.4760
9
1.3048
1.4233
1.5513
1.6895
1.8385
1.9990
2.1719
2.3579
2.7731
10
1.3439
1.4802
1.6289
1.7908
1.9672
2.1589
2.3674
2.5937
3.1058
Present Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
2.8286
2.7751
2.7232
2.6730
2.6243
2.5771
2.5313
2.4869
2.4018
4
3.7171
3.6299
3.5460
3.4651
3.3872
3.3121
3.2397
3.1699
3.0373
5
4.5797
4.4518
4.3295
4.2124
4.1002
3.9927
3.8897
3.7908
3.6048
6
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
4.4859
4.3553
4.1114
7
6.2303
6.0021
5.7864
5.5824
5.3893
5.2064
5.0330
4.8684
4.5638
8
7.0197
6.7327
6.4632
6.2098
5.9713
5.7466
5.5348
5.3349
4.9676
9
7.7861
7.4353
7.1078
6.8017
6.5152
6.2469
5.9952
5.7950
5.3282
10
8.5302
8.1109
7.7217
7.3601
7.0236
6.7101
6.4177
6.1446
5.6502
Future Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
3.0909
3.1216
3.1525
3.1836
3.2149
3.2464
3.2781
3.3100
3.3744
4
4.1836
4.2465
4.3101
4.3746
4.4399
4.5061
4.5731
4.6410
4.7793
5
5.3091
5.4163
5.5256
5.6371
5.7507
5.8666
5.9847
6.1051
6.3528
6
6.4684
6.6330
6.8019
6.9753
7.1533
7.3359
7.5233
7.7156
8.1152
7
7.6625
7.8983
8.1420
8.3938
8.6540
8.9228
9.2004
9.4872
10.089
8
8.8923
9.2142
9.5491
9.8975
10.260
10.637
11.029
11.436
12.300
9
10.159
10.583
11.027
11.491
11.978
12.488
13.021
13.580
14.776
10
11.464
12.006
12.578
13.181
13.816
14.487
15.193
15.937
17.549
City Peewee League borrowed $883,212, and must make annual year-end payments of $120,000 each. If City’s interest rate is 6%, how many years will it take to pay off the loan?
67.
Present Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
0.9151
0.8890
0.8638
0.8396
0.8163
0.7938
0.7722
0.7513
0.7118
4
0.8885
0.8548
0.8227
0.7921
0.7629
0.7350
0.7084
0.6830
0.6355
5
0.8626
0.8219
0.7835
0.7473
0.7130
0.6806
0.6499
0.6209
0.5674
6
0.8375
0.7903
0.7462
0.7050
0.6663
0.6302
0.5963
0.5645
0.5066
7
0.8131
0.7599
0.7107
0.6651
0.6227
0.5835
0.5470
0.5132
0.4523
8
0.7894
0.7307
0.6768
0.6274
0.5820
0.5403
0.5019
0.4665
0.4039
9
0.7664
0.7026
0.6446
0.5919
0.5439
0.5002
0.4604
0.4241
0.3606
10
0.7441
0.6756
0.6139
0.5584
0.5083
0.4632
0.4224
0.3855
0.3220
Future Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
1.0927
1.1249
1.1576
1.1910
1.2250
1.2597
1.2950
1.3310
1.4049
4
1.1255
1.1699
1.2155
1.2625
1.3108
1.3605
1.4116
1.4641
1.5735
5
1.1593
1.2167
1.2763
1.3382
1.4026
1.4693
1.5386
1.6105
1.7623
6
1.1941
1.2653
1.3401
1.4185
1.5007
1.5869
1.6771
1.7716
1.9738
7
1.2299
1.3159
1.4071
1.5036
1.6058
1.7138
1.8280
1.9487
2.2107
8
1.2668
1.3686
1.4775
1.5938
1.7182
1.8509
1.9926
2.1436
2.4760
9
1.3048
1.4233
1.5513
1.6895
1.8385
1.9990
2.1719
2.3579
2.7731
10
1.3439
1.4802
1.6289
1.7908
1.9672
2.1589
2.3674
2.5937
3.1058
Present Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
2.8286
2.7751
2.7232
2.6730
2.6243
2.5771
2.5313
2.4869
2.4018
4
3.7171
3.6299
3.5460
3.4651
3.3872
3.3121
3.2397
3.1699
3.0373
5
4.5797
4.4518
4.3295
4.2124
4.1002
3.9927
3.8897
3.7908
3.6048
6
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
4.4859
4.3553
4.1114
7
6.2303
6.0021
5.7864
5.5824
5.3893
5.2064
5.0330
4.8684
4.5638
8
7.0197
6.7327
6.4632
6.2098
5.9713
5.7466
5.5348
5.3349
4.9676
9
7.7861
7.4353
7.1078
6.8017
6.5152
6.2469
5.9952
5.7950
5.3282
10
8.5302
8.1109
7.7217
7.3601
7.0236
6.7101
6.4177
6.1446
5.6502
Future Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
3.0909
3.1216
3.1525
3.1836
3.2149
3.2464
3.2781
3.3100
3.3744
4
4.1836
4.2465
4.3101
4.3746
4.4399
4.5061
4.5731
4.6410
4.7793
5
5.3091
5.4163
5.5256
5.6371
5.7507
5.8666
5.9847
6.1051
6.3528
6
6.4684
6.6330
6.8019
6.9753
7.1533
7.3359
7.5233
7.7156
8.1152
7
7.6625
7.8983
8.1420
8.3938
8.6540
8.9228
9.2004
9.4872
10.089
8
8.8923
9.2142
9.5491
9.8975
10.260
10.637
11.029
11.436
12.300
9
10.159
10.583
11.027
11.491
11.978
12.488
13.021
13.580
14.776
10
11.464
12.006
12.578
13.181
13.816
14.487
15.193
15.937
17.549
Giuliani Co. lends $524,210 to Craig Corporation. The terms of the loan require that Craig make six semiannual period-end payments of $100,000 each. What semiannual interest rate is Craig paying on the loan?
68.
Present Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
0.9151
0.8890
0.8638
0.8396
0.8163
0.7938
0.7722
0.7513
0.7118
4
0.8885
0.8548
0.8227
0.7921
0.7629
0.7350
0.7084
0.6830
0.6355
5
0.8626
0.8219
0.7835
0.7473
0.7130
0.6806
0.6499
0.6209
0.5674
6
0.8375
0.7903
0.7462
0.7050
0.6663
0.6302
0.5963
0.5645
0.5066
7
0.8131
0.7599
0.7107
0.6651
0.6227
0.5835
0.5470
0.5132
0.4523
8
0.7894
0.7307
0.6768
0.6274
0.5820
0.5403
0.5019
0.4665
0.4039
9
0.7664
0.7026
0.6446
0.5919
0.5439
0.5002
0.4604
0.4241
0.3606
10
0.7441
0.6756
0.6139
0.5584
0.5083
0.4632
0.4224
0.3855
0.3220
Future Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
1.0927
1.1249
1.1576
1.1910
1.2250
1.2597
1.2950
1.3310
1.4049
4
1.1255
1.1699
1.2155
1.2625
1.3108
1.3605
1.4116
1.4641
1.5735
5
1.1593
1.2167
1.2763
1.3382
1.4026
1.4693
1.5386
1.6105
1.7623
6
1.1941
1.2653
1.3401
1.4185
1.5007
1.5869
1.6771
1.7716
1.9738
7
1.2299
1.3159
1.4071
1.5036
1.6058
1.7138
1.8280
1.9487
2.2107
8
1.2668
1.3686
1.4775
1.5938
1.7182
1.8509
1.9926
2.1436
2.4760
9
1.3048
1.4233
1.5513
1.6895
1.8385
1.9990
2.1719
2.3579
2.7731
10
1.3439
1.4802
1.6289
1.7908
1.9672
2.1589
2.3674
2.5937
3.1058
Present Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
2.8286
2.7751
2.7232
2.6730
2.6243
2.5771
2.5313
2.4869
2.4018
4
3.7171
3.6299
3.5460
3.4651
3.3872
3.3121
3.2397
3.1699
3.0373
5
4.5797
4.4518
4.3295
4.2124
4.1002
3.9927
3.8897
3.7908
3.6048
6
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
4.4859
4.3553
4.1114
7
6.2303
6.0021
5.7864
5.5824
5.3893
5.2064
5.0330
4.8684
4.5638
8
7.0197
6.7327
6.4632
6.2098
5.9713
5.7466
5.5348
5.3349
4.9676
9
7.7861
7.4353
7.1078
6.8017
6.5152
6.2469
5.9952
5.7950
5.3282
10
8.5302
8.1109
7.7217
7.3601
7.0236
6.7101
6.4177
6.1446
5.6502
Future Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
3.0909
3.1216
3.1525
3.1836
3.2149
3.2464
3.2781
3.3100
3.3744
4
4.1836
4.2465
4.3101
4.3746
4.4399
4.5061
4.5731
4.6410
4.7793
5
5.3091
5.4163
5.5256
5.6371
5.7507
5.8666
5.9847
6.1051
6.3528
6
6.4684
6.6330
6.8019
6.9753
7.1533
7.3359
7.5233
7.7156
8.1152
7
7.6625
7.8983
8.1420
8.3938
8.6540
8.9228
9.2004
9.4872
10.089
8
8.8923
9.2142
9.5491
9.8975
10.260
10.637
11.029
11.436
12.300
9
10.159
10.583
11.027
11.491
11.978
12.488
13.021
13.580
14.776
10
11.464
12.006
12.578
13.181
13.816
14.487
15.193
15.937
17.549
A company is beginning a savings plan. It will be saving $15,000 per year for the next 10 years. How much will the company have accumulated after the tenth year-end deposit, assuming the fund earns 10% interest?
69.
Present Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
0.9151
0.8890
0.8638
0.8396
0.8163
0.7938
0.7722
0.7513
0.7118
4
0.8885
0.8548
0.8227
0.7921
0.7629
0.7350
0.7084
0.6830
0.6355
5
0.8626
0.8219
0.7835
0.7473
0.7130
0.6806
0.6499
0.6209
0.5674
6
0.8375
0.7903
0.7462
0.7050
0.6663
0.6302
0.5963
0.5645
0.5066
7
0.8131
0.7599
0.7107
0.6651
0.6227
0.5835
0.5470
0.5132
0.4523
8
0.7894
0.7307
0.6768
0.6274
0.5820
0.5403
0.5019
0.4665
0.4039
9
0.7664
0.7026
0.6446
0.5919
0.5439
0.5002
0.4604
0.4241
0.3606
10
0.7441
0.6756
0.6139
0.5584
0.5083
0.4632
0.4224
0.3855
0.3220
Future Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
1.0927
1.1249
1.1576
1.1910
1.2250
1.2597
1.2950
1.3310
1.4049
4
1.1255
1.1699
1.2155
1.2625
1.3108
1.3605
1.4116
1.4641
1.5735
5
1.1593
1.2167
1.2763
1.3382
1.4026
1.4693
1.5386
1.6105
1.7623
6
1.1941
1.2653
1.3401
1.4185
1.5007
1.5869
1.6771
1.7716
1.9738
7
1.2299
1.3159
1.4071
1.5036
1.6058
1.7138
1.8280
1.9487
2.2107
8
1.2668
1.3686
1.4775
1.5938
1.7182
1.8509
1.9926
2.1436
2.4760
9
1.3048
1.4233
1.5513
1.6895
1.8385
1.9990
2.1719
2.3579
2.7731
10
1.3439
1.4802
1.6289
1.7908
1.9672
2.1589
2.3674
2.5937
3.1058
Present Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
2.8286
2.7751
2.7232
2.6730
2.6243
2.5771
2.5313
2.4869
2.4018
4
3.7171
3.6299
3.5460
3.4651
3.3872
3.3121
3.2397
3.1699
3.0373
5
4.5797
4.4518
4.3295
4.2124
4.1002
3.9927
3.8897
3.7908
3.6048
6
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
4.4859
4.3553
4.1114
7
6.2303
6.0021
5.7864
5.5824
5.3893
5.2064
5.0330
4.8684
4.5638
8
7.0197
6.7327
6.4632
6.2098
5.9713
5.7466
5.5348
5.3349
4.9676
9
7.7861
7.4353
7.1078
6.8017
6.5152
6.2469
5.9952
5.7950
5.3282
10
8.5302
8.1109
7.7217
7.3601
7.0236
6.7101
6.4177
6.1446
5.6502
Future Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
3.0909
3.1216
3.1525
3.1836
3.2149
3.2464
3.2781
3.3100
3.3744
4
4.1836
4.2465
4.3101
4.3746
4.4399
4.5061
4.5731
4.6410
4.7793
5
5.3091
5.4163
5.5256
5.6371
5.7507
5.8666
5.9847
6.1051
6.3528
6
6.4684
6.6330
6.8019
6.9753
7.1533
7.3359
7.5233
7.7156
8.1152
7
7.6625
7.8983
8.1420
8.3938
8.6540
8.9228
9.2004
9.4872
10.089
8
8.8923
9.2142
9.5491
9.8975
10.260
10.637
11.029
11.436
12.300
9
10.159
10.583
11.027
11.491
11.978
12.488
13.021
13.580
14.776
10
11.464
12.006
12.578
13.181
13.816
14.487
15.193
15.937
17.549
A company is beginning a savings plan to purchase a new building. It will be saving $43,000 per year for the next 10 years. How much will the company have accumulated after the tenth year-end deposit, assuming the fund earns 9% interest?
70.
Present Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
0.9151
0.8890
0.8638
0.8396
0.8163
0.7938
0.7722
0.7513
0.7118
4
0.8885
0.8548
0.8227
0.7921
0.7629
0.7350
0.7084
0.6830
0.6355
5
0.8626
0.8219
0.7835
0.7473
0.7130
0.6806
0.6499
0.6209
0.5674
6
0.8375
0.7903
0.7462
0.7050
0.6663
0.6302
0.5963
0.5645
0.5066
7
0.8131
0.7599
0.7107
0.6651
0.6227
0.5835
0.5470
0.5132
0.4523
8
0.7894
0.7307
0.6768
0.6274
0.5820
0.5403
0.5019
0.4665
0.4039
9
0.7664
0.7026
0.6446
0.5919
0.5439
0.5002
0.4604
0.4241
0.3606
10
0.7441
0.6756
0.6139
0.5584
0.5083
0.4632
0.4224
0.3855
0.3220
Future Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
1.0927
1.1249
1.1576
1.1910
1.2250
1.2597
1.2950
1.3310
1.4049
4
1.1255
1.1699
1.2155
1.2625
1.3108
1.3605
1.4116
1.4641
1.5735
5
1.1593
1.2167
1.2763
1.3382
1.4026
1.4693
1.5386
1.6105
1.7623
6
1.1941
1.2653
1.3401
1.4185
1.5007
1.5869
1.6771
1.7716
1.9738
7
1.2299
1.3159
1.4071
1.5036
1.6058
1.7138
1.8280
1.9487
2.2107
8
1.2668
1.3686
1.4775
1.5938
1.7182
1.8509
1.9926
2.1436
2.4760
9
1.3048
1.4233
1.5513
1.6895
1.8385
1.9990
2.1719
2.3579
2.7731
10
1.3439
1.4802
1.6289
1.7908
1.9672
2.1589
2.3674
2.5937
3.1058
Present Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
2.8286
2.7751
2.7232
2.6730
2.6243
2.5771
2.5313
2.4869
2.4018
4
3.7171
3.6299
3.5460
3.4651
3.3872
3.3121
3.2397
3.1699
3.0373
5
4.5797
4.4518
4.3295
4.2124
4.1002
3.9927
3.8897
3.7908
3.6048
6
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
4.4859
4.3553
4.1114
7
6.2303
6.0021
5.7864
5.5824
5.3893
5.2064
5.0330
4.8684
4.5638
8
7.0197
6.7327
6.4632
6.2098
5.9713
5.7466
5.5348
5.3349
4.9676
9
7.7861
7.4353
7.1078
6.8017
6.5152
6.2469
5.9952
5.7950
5.3282
10
8.5302
8.1109
7.7217
7.3601
7.0236
6.7101
6.4177
6.1446
5.6502
Future Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
3.0909
3.1216
3.1525
3.1836
3.2149
3.2464
3.2781
3.3100
3.3744
4
4.1836
4.2465
4.3101
4.3746
4.4399
4.5061
4.5731
4.6410
4.7793
5
5.3091
5.4163
5.5256
5.6371
5.7507
5.8666
5.9847
6.1051
6.3528
6
6.4684
6.6330
6.8019
6.9753
7.1533
7.3359
7.5233
7.7156
8.1152
7
7.6625
7.8983
8.1420
8.3938
8.6540
8.9228
9.2004
9.4872
10.089
8
8.8923
9.2142
9.5491
9.8975
10.260
10.637
11.029
11.436
12.300
9
10.159
10.583
11.027
11.491
11.978
12.488
13.021
13.580
14.776
10
11.464
12.006
12.578
13.181
13.816
14.487
15.193
15.937
17.549
You are little late planning your retirement, but are looking forward to retiring in 10 years. You expect to save $6,000 a year at an annual rate of 8%. How much will you have accumulated when you retire?
71.
Present Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
0.9151
0.8890
0.8638
0.8396
0.8163
0.7938
0.7722
0.7513
0.7118
4
0.8885
0.8548
0.8227
0.7921
0.7629
0.7350
0.7084
0.6830
0.6355
5
0.8626
0.8219
0.7835
0.7473
0.7130
0.6806
0.6499
0.6209
0.5674
6
0.8375
0.7903
0.7462
0.7050
0.6663
0.6302
0.5963
0.5645
0.5066
7
0.8131
0.7599
0.7107
0.6651
0.6227
0.5835
0.5470
0.5132
0.4523
8
0.7894
0.7307
0.6768
0.6274
0.5820
0.5403
0.5019
0.4665
0.4039
9
0.7664
0.7026
0.6446
0.5919
0.5439
0.5002
0.4604
0.4241
0.3606
10
0.7441
0.6756
0.6139
0.5584
0.5083
0.4632
0.4224
0.3855
0.3220
Future Value of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
1.0927
1.1249
1.1576
1.1910
1.2250
1.2597
1.2950
1.3310
1.4049
4
1.1255
1.1699
1.2155
1.2625
1.3108
1.3605
1.4116
1.4641
1.5735
5
1.1593
1.2167
1.2763
1.3382
1.4026
1.4693
1.5386
1.6105
1.7623
6
1.1941
1.2653
1.3401
1.4185
1.5007
1.5869
1.6771
1.7716
1.9738
7
1.2299
1.3159
1.4071
1.5036
1.6058
1.7138
1.8280
1.9487
2.2107
8
1.2668
1.3686
1.4775
1.5938
1.7182
1.8509
1.9926
2.1436
2.4760
9
1.3048
1.4233
1.5513
1.6895
1.8385
1.9990
2.1719
2.3579
2.7731
10
1.3439
1.4802
1.6289
1.7908
1.9672
2.1589
2.3674
2.5937
3.1058
Present Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
2.8286
2.7751
2.7232
2.6730
2.6243
2.5771
2.5313
2.4869
2.4018
4
3.7171
3.6299
3.5460
3.4651
3.3872
3.3121
3.2397
3.1699
3.0373
5
4.5797
4.4518
4.3295
4.2124
4.1002
3.9927
3.8897
3.7908
3.6048
6
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
4.4859
4.3553
4.1114
7
6.2303
6.0021
5.7864
5.5824
5.3893
5.2064
5.0330
4.8684
4.5638
8
7.0197
6.7327
6.4632
6.2098
5.9713
5.7466
5.5348
5.3349
4.9676
9
7.7861
7.4353
7.1078
6.8017
6.5152
6.2469
5.9952
5.7950
5.3282
10
8.5302
8.1109
7.7217
7.3601
7.0236
6.7101
6.4177
6.1446
5.6502
Future Value of an Annuity of 1
Periods
3%
4%
5%
6%
7%
8%
9%
10%
12%
3
3.0909
3.1216
3.1525
3.1836
3.2149
3.2464
3.2781
3.3100
3.3744
4
4.1836
4.2465
4.3101
4.3746
4.4399
4.5061
4.5731
4.6410
4.7793
5
5.3091
5.4163
5.5256
5.6371
5.7507
5.8666
5.9847
6.1051
6.3528
6
6.4684
6.6330
6.8019
6.9753
7.1533
7.3359
7.5233
7.7156
8.1152
7
7.6625
7.8983
8.1420
8.3938
8.6540
8.9228
9.2004
9.4872
10.089
8
8.8923
9.2142
9.5491
9.8975
10.260
10.637
11.029
11.436
12.300
9
10.159
10.583
11.027
11.491
11.978
12.488
13.021
13.580
14.776
10
11.464
12.006
12.578
13.181
13.816
14.487
15.193
15.937
17.549
A company is setting up a sinking fund to pay off $8,654,000 in bonds that are due in 7 years. The fund will earn 7% interest, and the company intends to put away a series of equal year-end amounts for 7 years. What is the amount of the annual deposits that the company must make?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more