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Jones expects an immediate investment of \$83,736

Accounting

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

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