### question exercise 6 3 part level submission using the appropriate interest table ans 3480345

Question

Exercise 6-3 (Part Level Submission)

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

(Use the table below.)

What is the future value of \$7,650 at the end of 8 periods at 8% compounded interest?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 The future value \$ Click if you would like to Show Work for this question: Open Show Work
 Attempts: 1 of 3 used

#### (b)

(Use the table below.)

What is the present value of \$7,650 due 8 periods hence, discounted at 11%?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 The present value \$ Click if you would like to Show Work for this question: Open Show Work
 Attempts: 2 of 3 used

#### (c)

(Use the table below.)

What is the future value of 17 periodic payments of \$7,650 each made at the end of each period and compounded at 10%?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 The future value \$ Click if you would like to Show Work for this question: Open Show Work
 Attempts: 1 of 3 used

#### (d)

(Use the table below.)

What is the present value of \$7,650 to be received at the end of each of 19 periods, discounted at 5% compound interest?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 The present value \$ Click if you would like to Show Work for this question: Open Show W

### Exercise 6-6 (Part Level Submission)

Presented below are three unrelated situations.

#### (a)

Dwayne Wade Company recently signed a lease for a new office building, for a lease period of 11 years. Under the lease agreement, a security deposit of \$14,120 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 10% per year. (Use the table below.)

What amount will the company receive at the time the lease expires?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 The company will receive \$ Click if you would like to Show Work for this question: Open Show Work
 Attempts: 1 of 3 used

#### (b1)

Serena Williams Corporation, having recently issued a \$20,153,000, 15-year bond issue, is committed to make annual sinking fund deposits of \$615,800. The deposits are made on the last day of each year and yield a return of 10%. (Use the table below.)

Will the fund at the end of 15 years be sufficient to retire the bonds?

 YesNo Click if you would like to Show Work for this question: Open Show Work
 Attempts: 2 of 3 used

#### (b2)

Determine the amount of deficiency.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 Deficiency \$ Click if you would like to Show Work for this question: Open Show Work
 Attempts: 1 of 3 used

#### (c)

Ignoring tax considerations, and assuming a relevant interest rate of 8%, which form of settlement should Walters accept?

 Accept Bonus NowAccept Deffered Bonus in 10 years Click if you would like to Show Work for this question: Open Show Work

### Exercise 6-11 (Part Level Submission)

Sosa Excavating Inc. is purchasing a bulldozer. The equipment has a price of \$106,000. The manufacturer has offered a payment plan that would allow Sosa to make 10 equal annual payments of \$17,999, with the first payment due one year after the purchase.

#### (a)

How much total interest will Sosa pay on this payment plan?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

 Total interest \$ Click if you would like to Show Work for this question: Open Show Work
 Attempts: 1 of 3 used

#### (b)

Should Sosa borrow from the bank or use the manufacturer’s payment plan to pay for the equipment?

 Use Manufacturer’s Payment PlanBorrow from the Bank Click if you would like to Show Work for this question: Open Show Work

QUESTION TITLE :- UMUC AACT311 HOMEWORK