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Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil

Appendix B Time Value of Money True / False Questions

AppB-1 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 1. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-2 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Interest is the borrower's payment to the owner of an asset for its use. True

False

AppB-3 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 2. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-4 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

From the perspective of an account holder, a savings account is a liability with interest. True

False

AppB-5 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 3. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-6 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

An interest rate is also called a discount rate. True

False

AppB-7 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 4. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-8 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Present and future value computations enable companies to measure or estimate the interest component of holding assets or liabilities over time. True

False

AppB-9 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 5. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-10 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The number of periods in a present value calculation may only be expressed in years. True

False

AppB-11 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 6. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-12 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The present value factor for determining the present value of $6,300 to be received three years from today at 10% interest compounded semiannually is 0.7462. True

False

AppB-13 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 7. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-14 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The present value of 1 formula is often useful when a borrowed asset must be repaid in full at a later date and the borrower wants to know the worth of the asset at the future date. True

False

AppB-15 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 8. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-16 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

In a present value or future value table, the length of one time period may be interpreted as one year, one month, or any other length of time. True

False

AppB-17 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 9. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-18 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The present value of $2,000 to be received nine years from today at 8% interest compounded annually is $1,000. True

False

AppB-19 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 10. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-20 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Sandra has a savings account that has accumulated to $50,000. She started with $28,225, and earned interest at 10% compounded annually. It took her five years to accumulate the $50,000. True

False

AppB-21 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 11. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-22 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Future value can be found if the interest rate (i), the number of periods (n), and the present value (p) are known. True

False

AppB-23 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 12. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-24 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The number of periods in a future value calculation may only be expressed in years. True

False

AppB-25 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 13. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-26 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The future value of $100 compounded semiannually for 3 years at 12% equals $140.49. True

False

AppB-27 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 14. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-28 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

At an annual interest rate of 8% compounded annually, $5,300 will accumulate to a total of $7,210.65 in 5 years. True

False

AppB-29 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 15. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-30 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

An annuity is a series of equal payments occurring at equal intervals. True

False

AppB-31 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 16. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-32 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The present value of an annuity table can be used to determine the value today of a series of payments to be received in the future. True

False

AppB-33 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 17. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-34 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

A series of equal payments made or received at the end of each period is an ordinary annuity. True

False

AppB-35 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 18. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-36 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The present value of $5,000 per year for three years at 12% compounded annually is $12,009. True

False

AppB-37 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 19. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-38 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

With deposits of $5,000 at the end of each year, you will have accumulated $38,578 at the end of the sixth year if the annual rate of interest is 10%. True

False

AppB-39 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 20. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-40 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

The future value of an ordinary annuity is the accumulated value of each annuity payment excluding interest as of the date of the final payment. True

False

Multiple Choice Questions

AppB-41 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 21. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-42 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Interest may be defined as:

A. Time. B. A borrower's payment to the owner of an asset for its use. C. The future value of a present amount. D. Always a liability. E. Always an asset.

AppB-43 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 22. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-44 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

If we want to know the value of present-day assets at a future date, we can use:

A. Present value computations. B. Annuity computations. C. Interest computations. D. Future value computations. E. Earnings computations.

AppB-45 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 23. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-46 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Which interest rate column would you use from a present value or future value table for 8% interest compounded quarterly?

A. 12% B. 6% C. 3% D. 2% E. 1%

AppB-47 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 24. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-48 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

A company is considering investing in a project that is expected to return $350,000 four years from now. How much is the company willing to pay for this investment if the company requires a 12% return?

A. $55,606 B. $137,681 C. $222,425 D. $265,764 E. $350,000

AppB-49 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 25. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-50 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Jason has a loan that requires a single payment of $4,000 at the end of 3 years. The loan's interest rate is 6%, compounded semiannually. How much did Jason borrow?

A. $3,358.40 B. $4,000.00 C. $3,660.40 D. $4,776.40 E. $3,350.00

AppB-51 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 26. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-52 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Patricia wants to invest a sum of money today that will yield $10,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today?

A. $7,050 B. $9,400 C. $6,000 D. $8,836 E. $8,306

AppB-53 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 27. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-54 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,000 at the end of each of the next 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today?

A. $50,000.00 B. $47,500.00 C. $45,125.00 D. $38,608.50 E. $100,000.00

AppB-55 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 28. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-56 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Cody invests $1,800 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation?

A. $7,787.52 B. $7,488.00 C. $6,912.00 D. $7,200.00 E. $7,643.70

AppB-57 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 29. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-58 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156

8.1152

7

7.6625

7.8983

8.1420

8.3938

8.6540

8.9228

9.2004

9.4872

10.089

8

8.8923

9.2142

9.5491

9.8975

10.260

10.637

11.029

11.436

12.300

9

10.159

10.583

11.027

11.491

11.978

12.488

13.021

13.580

14.776

10

11.464

12.006

12.578

13.181

13.816

14.487

15.193

15.937

17.549

Jessica received a gift of $7,500 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Jessica's investment be at the end of 5 years?

A. $8,250.00 B. $11,250.00 C. $12,216.75 D. $9,375.00 E. $10,500.00

AppB-59 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil 30. Present Value of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

0.9151

0.8890

0.8638

0.8396

0.8163

0.7938

0.7722

0.7513

0.7118

4

0.8885

0.8548

0.8227

0.7921

0.7629

0.7350

0.7084

0.6830

0.6355

5

0.8626

0.8219

0.7835

0.7473

0.7130

0.6806

0.6499

0.6209

0.5674

6

0.8375

0.7903

0.7462

0.7050

0.6663

0.6302

0.5963

0.5645

0.5066

7

0.8131

0.7599

0.7107

0.6651

0.6227

0.5835

0.5470

0.5132

0.4523

8

0.7894

0.7307

0.6768

0.6274

0.5820

0.5403

0.5019

0.4665

0.4039

9

0.7664

0.7026

0.6446

0.5919

0.5439

0.5002

0.4604

0.4241

0.3606

10

0.7441

0.6756

0.6139

0.5584

0.5083

0.4632

0.4224

0.3855

0.3220

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

1.0927

1.1249

1.1576

1.1910

1.2250

1.2597

1.2950

1.3310

1.4049

4

1.1255

1.1699

1.2155

1.2625

1.3108

1.3605

1.4116

1.4641

1.5735

5

1.1593

1.2167

1.2763

1.3382

1.4026

1.4693

1.5386

1.6105

1.7623

6

1.1941

1.2653

1.3401

1.4185

1.5007

1.5869

1.6771

1.7716

1.9738

7

1.2299

1.3159

1.4071

1.5036

1.6058

1.7138

1.8280

1.9487

2.2107

8

1.2668

1.3686

1.4775

1.5938

1.7182

1.8509

1.9926

2.1436

2.4760

9

1.3048

1.4233

1.5513

1.6895

1.8385

1.9990

2.1719

2.3579

2.7731

10

1.3439

1.4802

1.6289

1.7908

1.9672

2.1589

2.3674

2.5937

3.1058

Future Value of 1

Periods

Present Value of an Annuity of 1 Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

2.8286

2.7751

2.7232

2.6730

2.6243

2.5771

2.5313

2.4869

2.4018

4

3.7171

3.6299

3.5460

3.4651

3.3872

3.3121

3.2397

3.1699

3.0373

5

4.5797

4.4518

4.3295

4.2124

4.1002

3.9927

3.8897

3.7908

3.6048

6

5.4172

5.2421

5.0757

4.9173

4.7665

4.6229

4.4859

4.3553

4.1114

7

6.2303

6.0021

5.7864

5.5824

5.3893

5.2064

5.0330

4.8684

4.5638

8

7.0197

6.7327

6.4632

6.2098

5.9713

5.7466

5.5348

5.3349

4.9676

9

7.7861

7.4353

7.1078

6.8017

6.5152

6.2469

5.9952

5.7950

5.3282

10

8.5302

8.1109

7.7217

7.3601

7.0236

6.7101

6.4177

6.1446

5.6502

Future Value of an Annuity of 1

AppB-60 Copyright Š 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.


Full file at http://testbank360.eu/test-bank-managerial-accounting-5th-edition-wil Periods

3%

4%

5%

6%

7%

8%

9%

10%

12%

3

3.0909

3.1216

3.1525

3.1836

3.2149

3.2464

3.2781

3.3100

3.3744

4

4.1836

4.2465

4.3101

4.3746

4.4399

4.5061

4.5731

4.6410

4.7793

5

5.3091

5.4163

5.5256

5.6371

5.7507

5.8666

5.9847

6.1051

6.3528

6

6.4684

6.6330

6.8019

6.9753

7.1533

7.3359

7.5233

7.7156