User Account

All Pages

Determine the effective rate of return used in projection

Assignment Help Financial Accounting
Reference no: EM132933939

Problem 1: With end-of-month contributions of $251.33, a TFSA is expected to pass $100,000 in value after 15 years and 5 months. Determine the effective rate of return used in the projection.

Multiple Choice

Option 1: -9.38%
Option 2: -9.45%
Option 3: -9.22%
Option 4: -9.17%
Option 5: -9.57%

Reference no: EM132933939

Questions Cloud

Find what the real rate of interest is : The nominal interest rate is 7% and the expected inflation rate is 3%. Based on the fisher effect, what the real rate of interest is
What can the company do to project a cash balance : What can the company do to project a cash balance of $50,000 at the end of fiscal 2013? Right now it seems like the company has zero cash on hand
What is the value of the favorable finance : What is the value of the favorable finance? The market rate of interest at the time of the sale was 3%, if the loan is paid off at the end of the fourth year.
What nominal rate compounded semi-annually : If RRSP contributions of $3430.02, What nominal rate compounded semi-annually and effective rates of return were assumed in the forecast?
Determine the effective rate of return used in projection : A TFSA is expected to pass $100,000 in value after 15 years and 5 months. Determine the effective rate of return used in the projection.
Is profitable to replace the year-old machine : Is it profitable to replace the year-old machine? One year ago, your company purchased a machine used in manufacturing for $110,000.
Prepare only the journal entries to record costs : Prepare ONLY the 2020 journal entries to record costs, billings, collections, and profit recognition. McDonald Construction Company was the low bidder
What is the financial advantage to taking on more debt : What is the financial advantage to taking on more debt? Some companies actually prefer financing with debt (bonds) even though
Prepare the income statement with a proper heading : Prepare the income statement (with proper heading) for 2018. Ripley incurred, during that same year, salary expense of $35 million, rent expense of $21 million.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Question 1walt co adopted the dollar-value lifo inventory

question 1.walt co. adopted the dollar-value lifo inventory method as of 1st january 2007 when its inventory was

  Identify the strengths and weaknesses of each rating

Identify the strengths and weaknesses of each rating - What is the present value of the payments you will receive?

  What amount of derivative asset to be reported separately

What amount of derivative asset to be reported separately in the statement of financial position assuming the company has a business model

  What amount of gain or loss did merton record

What amount of gain or loss did Merton record when it sold the building? What amount of gain or loss would have been reported if the pollution-control equipment had been expensed in 2009?

  Find what is the present value of the mine

A firm wants to open a new coal mineIf 7% is the appropriate discount rate for the first five years and is 8% after that, what is the present value of the mine?

  Describes the process in step two market delineation

Describes the process in step two, "market delineation"? The course textbook outlines a six-step process for the market analysis of single-family subdivisions

  What is the project initial cash flow

What is the project's initial cash flow? A capital project requires a $50,000 increase in working capital. It also requires equipment at a price of $200,000.

  Firms average total cost and marginal cost

Suppose a business experiences a sudden increase in its fixed costs. For example, suppose property taxes increase dramatically. What impact, if any, will this have on the following: the firm's AFC (average fixed cost); the firm’s AVC (average variabl..

  What amount of unrealized gain on these securities

The market value of the portfolio total P700,000. What amount of unrealized gain on these securities should be included in the 2020 income statement

  Find present value of an investment in plant and equipment

Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $65,000 for 15 years and to have a resale value of $125,000 at the end of that period. Assume a 10% rate and earnings at year end. The pres..

  Discuss a distinctive understanding of psychology

Describe whether each perspective adopts the goal of christians in psychology pursuing a distinctive understanding of psychology

  Prepare statement of retained earnings for the year ended

Powder Corporation began operations on January 2, 2013, with a total investment of $150,000 by its stockholders. Net income for its first year of business was $90,000. During 2014 and 2015, net income increased to $188,000 and to $217,000, respective..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd