WileyPLUS: MyWileyPLUSI Help I Contact Us Log Out Kieso, Intermediate Accounting

Question

WileyPLUS: MyWileyPLUSI Help I Contact Us Log Out Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING 1 & ? (ACC 201-202) CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Question 1 Adams Madison needs $341,400 in 10 years Click here to view How much must he invest at the end of each year, at 6% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to? decimal places, e.g. 458,581.) Investment amount Hw9-CH6 Question 1 Qucstin2 uestion 3 Question 4 Question 5 Question 6 Question Attempts: 0 of 2 used SAVE FOR LATER SUBMET ANSWER SUBMIT ANSWER

Explanation / Answer

Calculate investment amount :

Future value = Annual amount * future value annuity table

341400 = X*13.18079

Annual amount = 25900

Investment amount= 25900

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