# Exercise Chpt 6-1 answers .. - Exercise 6-4 Using the...

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Exercise 6-4Using the appropriate interest table, answer the following questions. (Each case is independent of the others).Click here to view factor tablesWhat is the future value of 24 periodic payments of \$4,130 each made at the beginning of each period and compounded at 8%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)FV=PV×(1+r)nFV=4130×(1+0.08)2426189.07644The future value\$Click here to view factor tablesWhat is the present value of \$3,290 to be received at the beginning of each of 27 periods, discounted at 5% compound interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Click here to view factor tablesWhat is the future value of 16 deposits of \$3,540 each made at the beginning of each period andcompounded at 10%? (Future value as of the end of the 16th period.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
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=16266.20437The future value\$Click here to view factor tablesWhat is the present value of 8 receipts of \$3,160 each received at the beginning of each period, discounted at 9% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)PV=FV/(1+R)nPV=3160/(1.09)81585.897444The present value\$Click if you would like to Show Work for this question:Open Show WorkExercise 6-6 (Part Level Submission)Presented below are three unrelated situations.(a)Bridgeport Company recently signed a lease for a new office building, for a lease period of 11 years. Under the lease agreement, a security deposit of \$12,100 is made, with the deposit tobe returned at the expiration of the lease, with interest compounded at 5% per year.Click here to view factor tablesWhat amount will the company receive at the time the lease expires? (Round factor values to 5decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Exercise 6-6Presented below are three unrelated situations.Swifty Company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of \$14,110 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 5% per year.
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