Secure ezto.mheducation.com/hm.tpx?-0.07645153074576938 D U D Not 1538063320092

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Secure ezto.mheducation.com/hm.tpx?-0.07645153074576938 D U D Not 1538063320092 Econnect ntermediate Accounting Fall 2018: Fall 2018 ACCOUNTING Chapter 6 Assignment Question 1 (of 2) value: 15.00 points Determine the future value of the following single amounts (FV of $1. PV of $1, FVA of $1. PVA of $1 FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): Invested Amounti n Future Value 1. S 18,500 29,000 41,000 62,000 9%, 6% 6% 5% 10 14 10 Hints References eBook&Resources

Explanation / Answer

1. PV = $18,500 (0.42241*) = $7,815

*Present value of $1: n = 10, i = 9% (from PV of $1)

2. PV = $29,000 (0.62741*) = $18,195

*Present value of $1: n = 8, i = 6% (from PV of $1)

3. PV = $41,000 (0.44230*) = $18,134

*Present value of $1: n = 14, i = 6% (from PV of $1)

4. PV = $62,000 (0.61391*) = $38,062

*Present value of $1: n = 10, i = 5% (from PV of $1)

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