Using the following table, determine the present value of an annuity of $50,0000 to be received at the end of each of five years at 6 percent interest.
Present value of an annuity of $1 at compound interest:
Periods123456789104.0%0.961541.886092.775093.629904.451825.242146.002056.732747.435338.110904.5%0.956941.872672.748963.587534.389985.157875.892706.595897.268797.912725.0%0.952381.859412.723253.545954.329485.075695.786376.463217.107827.721735.5%0.947871.846322.697933.505154.270284.995535.682976.334576.952207.537636.0%0.943401.833392.673013.465114.212364.917325.582386.209796.801697.360096.5%0.938971.820632.648483.425804.155684.841015.484526.088756.656107.188837.0%0.934581.808022.624323.387214.100204.766545.389295.971306.515237.0235810.%0.909091.735542.486853.169873.790794.355264.868425.334935.759026.1445711.0%0.900901.712522.443713.102453.695904.230544.712205.146125.537055.8892312.0%0.892861.690052.401833.037353.604784.111414.563764.967645.328255.6502213.0%0.884961.668102.361152.974473.517233.997554.422614.798775.131665.42624
Spending Variance
This is the difference between the actual amount spent on a budget item and its planned or budgeted amount.
Wages And Salaries
Compensation paid to employees for their work or services.
Planning Budget
A financial plan that estimates the revenue and expenses for a specific period in the future.
Births
The occurrence of being born; the start of life as a physically separate being.