AC 302 CHAPTER 6 QUESTION 3
Name Date
Instructor Course
Intermediate Accounting 14th Edition by Kieso Weygandt and Warfield
Primer on Using Excel in Accounting by Rex A Schildhouse
E6-3 (Computation of Future Values and Present Values) Using the appropriate interest table or Excel formula, answer each of the following questions: (Each case is independent of the others.)
(a) What is the future value of $9,000 at the end of 5 periods at 8%
compounded interest?
Text as appropriate. Fomula
(b) What is the present value of $9,000 due 8 periods hence,
discounted at 11%
Text as appropriate. Formula
(c) What is the future value of 15 periodic payments of $9,000 each made at
the end of each period and compounded at 10% ?
Text as appropriate. Formula
(d) What is the present value of $9,000 to be received at the end of each of
20 periods, discounted at 5% compound interest?
Text as appropriate. Formula
"Note: Students using the tables or other sources of present and future values may have values slightly
different due to rounding."
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