**
Fill This Form To Receive Instant Help**

Homework answers / question archive / Jones expects an immediate investment of $83,736

Jones expects an immediate investment of $83,736.00 to return $15,000 annually for seven years, with the first payment to be received one year from now. What rate of interest must Jones earn? (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Annuity Payment Table Factor Interest Rate

Compute the amount that can be borrowed under each of the following circumstances: (PV of $1. FV of $1. PVA of $1. and FVA of S1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) 1. A promise to repay $93,000 six years from now at an interest rate of 7%. 2. An agreement made on February 1, 2019, to make three separate payments of $23,000 on February 1 of 2020, 2021, and 2022. The annual interest rate is 4% Option 1 Table Value Amount Present Value $ Loan amount Table Value Option 2 Annual payments Amount Prosent Value 0

Steffi Derr expects to invest $10,000 annually that will earn 10% How many annual investments must Derr make to accumulate $159,374 on the date of the last investment? (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Future Value Annuity Payment Table Factor Annual Investments investments

Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will make a $90,000 initial contribution to the fund and plans to make quarterly contributions of $56,000 beginning in three months. The fund earns 4%, compounded quarterly. (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table Factor" to 4 decimal places and final answers to the nearest whole dollar.) What will be the value of the fund 2 years from now? Table Values are Based on: n = Present Value Table Factor Future Value Initial Investment Periodic Investments Future Value of Fund

Already member? Sign In