Using the appropriate interest table, answer the following questions. (Each case

Question

Using the appropriate interest table, answer the following questions. (Each case is independent of the others).

Using the appropriate interest table, answer the following questions. (Each case is independent of the others).

CALCuLAT0? ruurcREEN PRINTER VERSION Using the appropriate interest table, answer the following questions (Each case is independent of the others). what is the fubure value of 22 peniodic payments of $5,270 each made at the beginning of each period and compounde 458,sa1.) The future value What sthe present value of S4 010 to be received at the begnreng of each of 29 peneda, ascounted et S% compound nteest, (Re seater talossaeimaradt te zsa.-masa se-ea 458,581) ae-net se What is the tuture value of 15 deposits of $2,330 coch made at the beginning of each period and compounded at 30% answer to O decimal places, os 458,581) (Future value as of the end of the 15th period.) (Round factor values to S decimal places, a.g. J.25134 and The future value

Explanation / Answer

Req 1: Future values of 22 payments: Annuity amount 5270 Rate of Interest 8% Period 22 years (Starting from Year-0) Future Annuity Factor for 22 years 55.4568 Future value of Amount 292257.3 Future Amount of $5270 deposited is $ 292,257 Req 2: Present value of $ 4010 for 29 periods: Annuity amount 4010 Rate of Interest 5% Period 29 periods (Starting from Year-0) Present Annuity factor for 28 periods +Year-0) 15.8981 Present value of Amount 63751.38 Present value of $4010 is $63751 Req 3: Future value of $ 2330 for 15 deposits: Annuity amount 2330 Rate of Interest 10% Period 15 periods (Startig From year-0) Future Annuity factor for 15 periods 31.7725 Future value of amount 74029.93 Future value of $ 2330 is $74030 Req 4: Present value of $ 3170 for 6 periods: Annuity amount 3170 Rate of Interest 9% Period 6 Periods (Starting fom Year-0) Present Annuity factor for 5 periods +Year-0) 4.8896 Present value of Amount 15500.03 Present value of $3170 is $ 15500

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