80.2K

Verified Solution

Link Copied!

C Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2021, of a five-period annual annuity of $5,000 under each of the following situations: (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) 1. The first payment is received on December 31, 2027 and interest is compounded annually. 2. The first payment is received on December 31, 2021, and interest is compounded annually 3. The first payment is received on December 31, 2022, and interest is compounded quarterly. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The first payment is received on December 31, 2022, and interest is compounded annually. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Payment PV - 12/31/2021 Required Required 2 > IQ i 10/22 DII co PrtScn Home Poup % 5 2 3 6 7 8 w R. T Y 0 P Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2021, of a five-period annual annuity of $5,000 under each of the following situations: (EV of $1 PV of $1 EVA of $1. PVA of $1 EVAD of $i and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. The first payment is received on December 31, 2027. and interest is compounded annually. 2. The first payment is received on December 31, 2021, and interest is compounded annually 3. The first payment is received on December 31, 2022, and interest is compounded quarterly. nts eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Prim The first payment is received on December 31, 2021, and interest is compounded annually. (Round your final answers to nearest whole dollar amount. References Table or calculator function Payment - PV - 12/31/2021 Check Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2021, of a five-period annual annuity of $5,000 under each of the following situations: (FV of $1. PV of $1. FVA Of $1. PVA of $1. FVADO $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) 1. The first payment is received on December 31, 2022, and interest is compounded annually. 2. The first payment is received on December 31, 2021 , and interest is compounded annually. 3. The first payment is received on December 31, 2022, and interest is compounded quarterly, Ook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Prim The first payment is received on December 31, 2022, and Interest is compounded quarterly. (Round your final answers to nearest whole dollar amount.) PV - 12/31/2021 sterences $ Deposit 5,000 5,000 Deposit Date 12/31/2022 12/31/2023 12/31/2024 12/31/2025 12/31/2026 5.000 5,000 5.000

Answer & Explanation Solved by verified expert

See Answer