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Question : 31.Present Value of 1 Periods3%4%5%6%7%8%9%10%12% 30.91510.88900.86380.83960.81630.79380.77220.75130.7118 40.88850.85480.82270.79210.76290.73500.70840.68300.6355 : 1258206

Accounting

 

31.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

Keisha has $3,500 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years?    

A. $4,433.80

 

B. $4,340.00

 

C. $4,390.40

 

D. $3,920.00

 

E. $3,500.00

Two years = 8 quarterly periods and a 12% annual interest rate = 3% quarterlyThe FV factor on the Future Value of 1 table where i = 3% and n = 8 is 1.2668Future Value = Present Value * FV FactorFuture Value = $3,500 * 1.2668 = $4,433.80

 

 

 

32.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

How long will it take an investment of $25,000 at 6% compounded annually to accumulate to a total of $35,462.50?    

A. 4 years

 

B. 5 years

 

C. 6 years

 

D. 2 years

 

E. 10 years

Present Value = Future Value * PV Factor$25,000 = $35,462.50 * PV Factor; PV Factor = 0.70500.7050 is the interest factor on the Present Value table; i = 6%; n = 6Alternative Solution: Future Value = Present Value * FV Factor$35,462.50 = $25,000 * FV Factor; FV Factor = 1.41851.4185 is the interest factor on the Future Value table; i = 6%; n = 6

 

 

 

33.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

What interest rate is required to accumulate $6,802.50 in four years from an investment of $5,000?    

A. 5%

 

B. 8%

 

C. 10%

 

D. 12%

 

E. 15%

Present Value = Future Value * PV Factor$5,000 = $6,802.50 * PV Factor; PV Factor = 0.73500.7350 is the PV factor on the Present Value table; n = 4; i = 8%Or, Alternative Solution: Future Value = Present Value * FV Factor$6,802.50 = $5,000 * FV Factor; Interest Factor = 1.36051.3605 is the FV factor on the Future Value table; n = 4; i = 8%

 

 

 

34.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

Russell Company has acquired a building with a loan that requires payments of $20,000 every six months for 5 years. The annual interest rate on the loan is 12%. What is the present value of the building?    

A. $72,096

 

B. $113,004

 

C. $147,202

 

D. $86,590

 

E. $200,000

The PV factor on the Present Value of an Annuity table when n = 5 and i = 12% is 7.3601.Present Value of an Annuity = Annuity * PV FactorPresent Value of an Annuity = $20,000 * 7.3601 = $147,202

 

 

 

35.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

Marc Lewis expects an investment of $25,000 to return $6,595 annually. His investment is earning 10% per year. How many annual payments will he receive?    

A. Five payments

 

B. Six payments

 

C. Four payments

 

D. Three payments

 

E. More than six payments

Present Value of an Annuity = Annuity * PV Factor$25,000 = $6,595 * PV Factor; PV Factor = 0.3.79083.7908 is the PV factor on the Present Value of an Annuity table; i = 10%; n = 5 

 

 

 

36.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

A company is considering an investment that will return $22,000 semiannually at the end of each semiannual period for 4 years. If the company requires an annual return of 10%, what is the maximum amount it is willing to pay for this investment?    

A. Not more than $69,738

 

B. Not more than $139,476

 

C. Not more than $88,000

 

D. Not more than $142,190

 

E. Not more than $176,000

The PV factor on the Present Value of an Annuity table when n = 8 and i = 5% is 6.4632. Present Value of an Annuity = Annuity * PV Factor Present Value of an Annuity = $22,000 * 6.4632 = $142,190

 

 

 

37.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

What amount can you borrow if you make six quarterly payments of $4,000 at a 12 % annual rate of interest?    

A. $24,838.00

 

B. $21,668.80

 

C. $31,049.00

 

D. $40,000.00

 

E. $44,800.00

The PV factor on the Present Value of an Annuity table when n = 6 and i = 3% is 5.4172.Present Value of an Annuity = Annuity * PV FactorPresent Value of an Annuity = $4,000 * 5.4172 = $21,668.80

 

 

 

38.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

What amount can you borrow if you make seven semiannual payments of $4,000 at an 8% annual rate of interest?    

A. $28,000.00

 

B. $25,760.00

 

C. $31,049.00

 

D. $24,008.40

 

E. $35,691.20

An 8% annual interest rate = 4% semiannuallyThe PV factor on the Present Value of an Annuity table when n = 7 and i = 4% is 6.0021.Present Value of an Annuity = Annuity * PV FactorPresent Value of an Annuity = $4,000 * 6.0021 = $24,008.40

 

 

 

39.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

An individual is planning to set-up an education fund for her daughter. She plans to invest $7,000 annually at the end of each year. She expects to withdraw money from the fund at the end of 9 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 9 years?   

A. $87,416

 

B. $68,040

 

C. $50,400

 

D. $126,000

 

E. $45,360

The FV factor on the Future Value of an Annuity table when n = 9 and i = 8% is 12.488. Future Value of an Annuity = Annuity * FV Factor Future Value of an Annuity = $7,000 * 12.488 = $87,416

 

 

 

40.Present Value of 1 

Periods3%4%5%6%7%8%9%10%12%

30.91510.88900.86380.83960.81630.79380.77220.75130.7118

40.88850.85480.82270.79210.76290.73500.70840.68300.6355

50.86260.82190.78350.74730.71300.68060.64990.62090.5674

60.83750.79030.74620.70500.66630.63020.59630.56450.5066

70.81310.75990.71070.66510.62270.58350.54700.51320.4523

80.78940.73070.67680.62740.58200.54030.50190.46650.4039

90.76640.70260.64460.59190.54390.50020.46040.42410.3606

100.74410.67560.61390.55840.50830.46320.42240.38550.3220

Future Value of 1 

Periods3%4%5%6%7%8%9%10%12%

31.09271.12491.15761.19101.22501.25971.29501.33101.4049

41.12551.16991.21551.26251.31081.36051.41161.46411.5735

51.15931.21671.27631.33821.40261.46931.53861.61051.7623

61.19411.26531.34011.41851.50071.58691.67711.77161.9738

71.22991.31591.40711.50361.60581.71381.82801.94872.2107

81.26681.36861.47751.59381.71821.85091.99262.14362.4760

91.30481.42331.55131.68951.83851.99902.17192.35792.7731

101.34391.48021.62891.79081.96722.15892.36742.59373.1058

Present Value of an Annuity of 1 

Periods3%4%5%6%7%8%9% 10%12%

32.82862.77512.72322.67302.62432.57712.53132.48692.4018

43.71713.62993.54603.46513.38723.31213.23973.16993.0373

54.57974.45184.32954.21244.10023.99273.88973.79083.6048

65.41725.24215.07574.91734.76654.62294.48594.35534.1114

76.23036.00215.78645.58245.38935.20645.03304.86844.5638

87.01976.73276.46326.20985.97135.74665.53485.33494.9676

97.78617.43537.10786.80176.51526.24695.99525.79505.3282

108.53028.11097.72177.36017.02366.71016.41776.14465.6502

Future Value of an Annuity of 1 

Periods3%4%5%6%7%8%9%10%12%

33.09093.12163.15253.18363.21493.24643.27813.31003.3744

44.18364.24654.31014.37464.43994.50614.57314.64104.7793

55.30915.41635.52565.63715.75075.86665.98476.10516.3528

66.46846.63306.80196.97537.15337.33597.52337.71568.1152

77.66257.89838.14208.39388.65408.92289.20049.487210.089

88.89239.21429.54919.897510.26010.63711.02911.43612.300

910.15910.58311.02711.49111.97812.48813.02113.58014.776

1011.46412.00612.57813.18113.81614.48715.19315.93717.549

An individual is planning to set-up an education fund for his grandchildren. He plans to invest $10,000 annually at the end of each year. He expects to withdraw money from the fund at the end of 10 years and expects to earn an annual return of 8%. What will be the total value of the fund at the end of 10 years?   

A. $46,320

 

B. $67,107

 

C. $100,000

 

D. $144,870

 

E. $215,890

The FV factor on the Future Value of an Annuity table when n = 10 and i = 8% is 14.487. Future Value of an Annuity = Annuity * FV Factor Future Value of an Annuity = $10,000 * 14.487 = $144,870

 

 

 

 

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July 1, 2023
    

  

Alzheimer-Related Disabilities

This assignment will help you understand the disabilities that are caused due to Alzheimer's disease.

Ellen is a 64-year-old Chinese American, who has recently been  diagnosed with dementia of the Alzheimer's type. She has been working  steadily as a secretary but recently due to the disease has found it  harder to perform her duties. She has worked for 34 years. She has  recently become widowed and has two adult kids who live in the same area  as her. But they rarely agree on how to provide care for her. Ellen has  asked her children to help her navigate her decision to retire.

Based on the above scenario, create a 5- to 6-page report in a  Microsoft Word document that describe the issues that Ellen and her  children need to address regarding:

  • Ellen's retirement
  • Ellen's future health care plans
  • Ellen's housing
  • Ellen's financial situation
  • Ellen's ability to perform her job effectively
  • The disease progression and its effect on her activities of daily living (ADL)
  • Advanced directives
  • Funeral plans
  • Social supports available to Ellen
  • Role her culture may play on her family's decision

Submission Details

  • Support your answers with appropriate research and reasoning
  • Cite any sources in APA format
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July 1, 2023
    

  

Alzheimer-Related Disabilities

This assignment will help you understand the disabilities that are caused due to Alzheimer's disease.

Ellen is a 64-year-old Chinese American, who has recently been  diagnosed with dementia of the Alzheimer's type. She has been working  steadily as a secretary but recently due to the disease has found it  harder to perform her duties. She has worked for 34 years. She has  recently become widowed and has two adult kids who live in the same area  as her. But they rarely agree on how to provide care for her. Ellen has  asked her children to help her navigate her decision to retire.

Based on the above scenario, create a 5- to 6-page report in a  Microsoft Word document that describe the issues that Ellen and her  children need to address regarding:

  • Ellen's retirement
  • Ellen's future health care plans
  • Ellen's housing
  • Ellen's financial situation
  • Ellen's ability to perform her job effectively
  • The disease progression and its effect on her activities of daily living (ADL)
  • Advanced directives
  • Funeral plans
  • Social supports available to Ellen
  • Role her culture may play on her family's decision

Submission Details

  • Support your answers with appropriate research and reasoning
  • Cite any sources in APA format
default image
July 1, 2023
    

  

Alzheimer-Related Disabilities

This assignment will help you understand the disabilities that are caused due to Alzheimer's disease.

Ellen is a 64-year-old Chinese American, who has recently been  diagnosed with dementia of the Alzheimer's type. She has been working  steadily as a secretary but recently due to the disease has found it  harder to perform her duties. She has worked for 34 years. She has  recently become widowed and has two adult kids who live in the same area  as her. But they rarely agree on how to provide care for her. Ellen has  asked her children to help her navigate her decision to retire.

Based on the above scenario, create a 5- to 6-page report in a  Microsoft Word document that describe the issues that Ellen and her  children need to address regarding:

  • Ellen's retirement
  • Ellen's future health care plans
  • Ellen's housing
  • Ellen's financial situation
  • Ellen's ability to perform her job effectively
  • The disease progression and its effect on her activities of daily living (ADL)
  • Advanced directives
  • Funeral plans
  • Social supports available to Ellen
  • Role her culture may play on her family's decision

Submission Details

  • Support your answers with appropriate research and reasoning
  • Cite any sources in APA format
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