5-16A.

- FV = PV (FVIFi,n) =
100,000 (FV5,10) = 100,000 x 1.629 = 162,900.
- FVn = PMT (FVIFAi,n)
162,900 = PMT (FVIFA10,10)
162,900 = PMT x 15.937
PMT = 10,222

5-19A
A- PVn = PMT (PVIFAi,n) = 10,000 x (PVIFA20,5) = 10,000 x 2.991 = 29,910

B- PVn = PMT (PVIFAi,n) = 10,000 x (PVIFA20,6) = 10,000 x 3.326 = 33,260

PV = FV (PVIFi,n) = 33,260 x 0.482 = 16,031.32
C- PV = FV (PVIFi,n) = 10,000 x (PVIF20,10) = 10,000 x 0.162 = 1,620
PV = FV (PVIFi,n) = 10,000 x (PVIF20,6) = 50,000 x 0.335 = 16,750
PV = 10,000 + 1,620 + 16,750 = 28,370

5-25A

- PV = PMT (PVIFAi,n) (1+i) = 10,000 (PVIFA6,5) (1+6) = 10,000 x 4.212 x 1.06 =

44,647.2
- PV = FV (PVIFi,n) = 44,647.2 (PVIF6,11) = 44,647.2 x 0.527 = 23,529.07
- PV = FV (PVIFi,n) = 20,000 (PVIF6,15) = 20,000 x 0.417 = 8,340
23,529.07 + 8,340 = 31,869

5-31A
- FV = PMT (FVIFAi,n)
20,000 = PMT (FVIFA12,5)
20,000 = PMT 6.353
PMT = 3148.2
5-41A
- FV (50k beginning 1 Jan 09) = PMT (FVIFAi,n) (1+i) = 50,000 (FVIFA10,19) (1.19)
= 50,000 x 51.158 x 1.19 = 3,043,901
- FV (250k beginning 1 Jan 24) = PV (FVi,n) = 250,000 (FVIFi,n) = 250,000 x 1.464 =
366,000
- 3,043,901 + 366,000 + 100,000 = 3,509,901
- PV now = FV (PVIFi,n) = 3,509,901 (PVIF10,24) = 3,509,901 x 0.102 = 358,009.9

5-34A
PV = PMT (PVIFAi,n)
100,000 = PMT (PVIFA15,20)
100,000 = PMT x 6.259
PMT = 15,977

Year Annuity Interest Repayment of Outstanding

Portion of the the Principle Loan Balance
Annuity Portion of the After the
Annuity Annuity
Payment
1 15,977 15,000 977 99,023
2 15,977 14,853.45 1,123.55 97,899.45
3 15,977 14,684.91 1,292.08 96,607.36
4 15,977 14,491.16 1,485.89 95,121.48