Using the appropriate interest table, compute the present values of the periodic

Question

Using the appropriate interest table, compute the present  values of the periodic amounts, due at the end of the designated periods.

(a)  $54,460 receivable  at the end of each period for 7 periods  compounded at 11%.  (Round answers to 0  decimal places, e.g. $458,581.)

(b)  $54,460 payments  to be made at the end of each period for 16 periods  at 10%. (Round  answers to 0 decimal places, e.g. $458,581.)

(c)  $54,460 payable  at the end of the seventh, eighth, ninth, and tenth periods at 11%.  (Round answers to 0  decimal places, e.g. $458,581.)

$ Using the appropriate interest table, compute the present values of the periodic amounts, due at the end of the designated periods. $54,460 receivable at the end of each period for 7 periods compounded at 11%. $54,460 payments to be made at the end of each period for 16 periods at 10%. $54,460 payable at the end of the seventh, eighth, ninth, and tenth periods at 11%. Stephen Bosworth, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 8% basis that will enable him to withdraw $29,400 per year on June 30, beginning in 2016 and continuing through 2019. To develop this fund, Stephen intends to make equal contributions on June 30 of each of the years 2012-2015. How much must the balance of the fund equal on June 30, 2015, in order for Stephen Bosworth to satisfy his objective?

Explanation / Answer

A
$266050

B
$426079

C
$57749

D
$97377

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