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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
    

 

hat has happened to Sears department stores? Founded in 1886 as a small mail-order catalog company, the iconic retailer grew to be a national chain of department stores that every suburban mall wanted as its important anchor store. Up until the 1990’s Sears was the largest retailer in the United States and was known as “Where America Shops.”

Fast forward 25 years later and the question is “Why would anyone want to shop at Sears?” Sales continually are lost on an annual basis. The stores look old and outdated, as well as the merchandise, especially in clothing and home furnishings. Their customer base is much older and the retail chain has not done a good job of targeting a younger market.  It seems as if Sears’s executives are letting the brand “die on the vine” as there has been very little marketing strategy or innovation injected into the company.

Sears still has a few excellent brands—Kenmore Appliances, Craftsman Tools and they still own a majority share of Land’s End.

You have been hired as the new VP of Marketing for Sears and have been given total freedom to completely turn this company upside down if necessary and bring it into the modern digital age.

  • List some innovative marketing strategies that you would use to get this company going again!
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July 1, 2023
    

 

hat has happened to Sears department stores? Founded in 1886 as a small mail-order catalog company, the iconic retailer grew to be a national chain of department stores that every suburban mall wanted as its important anchor store. Up until the 1990’s Sears was the largest retailer in the United States and was known as “Where America Shops.”

Fast forward 25 years later and the question is “Why would anyone want to shop at Sears?” Sales continually are lost on an annual basis. The stores look old and outdated, as well as the merchandise, especially in clothing and home furnishings. Their customer base is much older and the retail chain has not done a good job of targeting a younger market.  It seems as if Sears’s executives are letting the brand “die on the vine” as there has been very little marketing strategy or innovation injected into the company.

Sears still has a few excellent brands—Kenmore Appliances, Craftsman Tools and they still own a majority share of Land’s End.

You have been hired as the new VP of Marketing for Sears and have been given total freedom to completely turn this company upside down if necessary and bring it into the modern digital age.

  • List some innovative marketing strategies that you would use to get this company going again!
default image
July 1, 2023
    

 

hat has happened to Sears department stores? Founded in 1886 as a small mail-order catalog company, the iconic retailer grew to be a national chain of department stores that every suburban mall wanted as its important anchor store. Up until the 1990’s Sears was the largest retailer in the United States and was known as “Where America Shops.”

Fast forward 25 years later and the question is “Why would anyone want to shop at Sears?” Sales continually are lost on an annual basis. The stores look old and outdated, as well as the merchandise, especially in clothing and home furnishings. Their customer base is much older and the retail chain has not done a good job of targeting a younger market.  It seems as if Sears’s executives are letting the brand “die on the vine” as there has been very little marketing strategy or innovation injected into the company.

Sears still has a few excellent brands—Kenmore Appliances, Craftsman Tools and they still own a majority share of Land’s End.

You have been hired as the new VP of Marketing for Sears and have been given total freedom to completely turn this company upside down if necessary and bring it into the modern digital age.

  • List some innovative marketing strategies that you would use to get this company going again!
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August 5, 2021
    

If you have problems with time management, just like me, you need to cooperate with Doctor My Essay. Once you registered and made the order, you understand how easier it makes your life! Everything is online: ordering, communication… You can control the process everywhere and be sure that an expert will provide a high-level paper.

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customer #17823
Business, 8 pages

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

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.

Money-back guarantee

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.

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Zero-plagiarism guarantee

Each 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.

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Free-revision policy

Thanks 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.

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Privacy policy

Your 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.

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Fair-cooperation guarantee

By 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.

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