36.Hao made a single investment which, after 6 years invested at 10% compounded semiannually, has...
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36.Hao made a single investment which, after 6 years invested at 10% compounded semiannually, has accumulated to $220,900. How much did Hao invest initially? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $220,893 $163,724 $218,363 $122,997 $13,341 37. Elsa 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? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $87,413.20 $68,040.15 $50,400.40 $126,000.10 $45,360.25 38. Pelcher Company acquired a machine by issuing a note that requires semiannual payments of $5,200 for 4 years. The interest rate on the note is 10% compounded semiannually. What is the cost of the machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $18,177.10 $29,863.24 $16,467.27 $33,608.64 $41,600.00
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