Each of the following situations is independent. You may use any computational approach (table, Excel, or financial calculator app); if you use the tables, choose the appropriate factors from the following link(s): (Future Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value Annuity of $1. Einancial Calculator) Case A B C Present Value $ 100,000 (2) (3) Annuity $ 2,000 $3,000 Future Value (1) $ 100,000 Annual Interest Rate 4% 5% 3% 4% Number of Years 5 10 20
Each of the following situations is independent. You may use any computational approach (table, Excel, or financial calculator app); if you use the tables, choose the appropriate factors from the following link(s): (Future Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value Annuity of $1. Einancial Calculator) Case A B C Present Value $ 100,000 (2) (3) Annuity $ 2,000 $3,000 Future Value (1) $ 100,000 Annual Interest Rate 4% 5% 3% 4% Number of Years 5 10 20
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 2R
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![Each of the following situations is independent. You may use any computational approach (table, Excel, or financial calculator app); if
you use the tables, choose the appropriate factors from the following link(s): (Future Value of $1. Present Value of $1. Euture Value
Annuity of $1. Present Value Annuity of $1. Financial Calculator)
1.
2
Case
A
3.
4.
B
C
Present
Value
$ 100,000
(2)
Annuity
$ 2,000
$ 3,000
Future
Value
(1)
$ 100,000
(4)
Annual
Interest
Rate
4%
5%
3%
4%
Number of Years
Required:
Compute the missing amounts for (1) through (4). (Round your answers to the nearest dollar.)
4
10
20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51d811fd-b4fb-4e38-8257-8e996de9fa83%2F7f8a0fe0-7b1e-4157-868a-a4ac98f48a01%2Fpmjh5c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Each of the following situations is independent. You may use any computational approach (table, Excel, or financial calculator app); if
you use the tables, choose the appropriate factors from the following link(s): (Future Value of $1. Present Value of $1. Euture Value
Annuity of $1. Present Value Annuity of $1. Financial Calculator)
1.
2
Case
A
3.
4.
B
C
Present
Value
$ 100,000
(2)
Annuity
$ 2,000
$ 3,000
Future
Value
(1)
$ 100,000
(4)
Annual
Interest
Rate
4%
5%
3%
4%
Number of Years
Required:
Compute the missing amounts for (1) through (4). (Round your answers to the nearest dollar.)
4
10
20
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