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Ne4ueva [31]
3 years ago
14

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.) (Round your final answers to nearest whole dollar amount.):Invested Amount i = n = Future Value1. $17,000 6% 142. $26,000 9% 113. $38,000 9% 144. $59,000 6% 8
Business
1 answer:
slavikrds [6]3 years ago
6 0

Answer:

1. $38,435.37

2. $67,091.09

3. $126,985.63

4.$94,037.04

Explanation:

The formula for calculating future value :

FV = P (1 + r)^n

FV = Future value

P = Present value

R = interest rate

N = number of years

1. $17,000 ( 1 + 0.06)^14 = $38,435.37

2. $26,000(1 + 0.09)^11 = $67,091.09

3. $38,000(1 + 0.09)^14 = $126,985.63

4. $59,000 (1+0.06)^8 = $94,037.04

I hope my answer helps you

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A company had the following purchases during its first year of operations:
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Answer:

Ending inventory value= $9,127

Explanation:

Giving the following information:

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February: 27 units at $137

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The Midwest Division of Grainger Company has investment center average invested assets of $200,000 and investment center income
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Correct question:

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(C) 25%

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