# 109 using the compound interest tables answer each of the following questions requir 4313509

109.Using the compound interest tables, answer each of the following questions.

Required:

 a. What is the present value on January 1, 2014, of \$50,000 due on January 1, 2020, and discounted at 7% compounded annually? b. What is the present value on January 1, 2014, of \$8,000 due on January 1, 2022, and discounted at 10% compounded semiannually?

 110.Using an appropriate compound interest table, answer the following question. ? Required: ? What is the future amount on December 31, 2024, of eleven deposits of \$12,000 each with the first deposit being made on December 31, 2014, and interest at 12% compounded annually?
 111.Taylor would like to retire on December 31, 2026, and take a trip around the world. In order to do this, she feels she must accumulate \$200,000 in her retirement account by that date. She is willing to deposit a certain amount each year into her retirement account, which earns 12% interest compounded annually. Taylor will make the first deposit on December 31, 2017, and the last deposit on December 31, 2026. Required: ? Determine the amount Taylor must deposit into her retirement account each year. Clearly label all work.
 112.At the beginning of 2017, Lisa Co. issued bonds with a face value of \$700,000 due on December 31, 2023. The company desires to accumulate a fund to retire these bonds at maturity by making equal annual deposits beginning on December 31, 2017. ? Required: ? Compute the amount that the company must deposit at the end of each year, assuming that the fund will earn 10% interest a year compounded annually and seven deposits are made.