User Account

All Pages

Find the cash value of the property bought in installment

Assignment Help Accounting Basics
Reference no: EM133050891

Question - Solve the following problems regarding ordinary annuity and annuity due completely. Use the formula and show complete solutions.

1. At what rate compounded monthly is 340,000 the present value of an annuity of 8,500 paid at the end of each month for 10 years?

2. Find the cash value of the property bought in installment, paying 2,500 at the beginning of each month for 3.5 years if the interest is at 9% compounded monthly?

3. How much must be paid at the beginning of each 6 months in order to discharge a debt of 60,000 due at end of 2 1⁄2 years if interest is at 7.5 % compounded semi- annually?

4. If money is worth 10% compounded semi-annually find the amount and the present value of an annuity due paying 15,000 semi-annually for 4 1⁄2 years?

5. The premium on an insurance policy are 5,000 per quarter, payable at the beginning of each quarter. If the policyholder wishes to pay one year premium in advance, how much should be paid, provided that the interest rate is 4% compounded quarterly.

Reference no: EM133050891

Questions Cloud

Facebook ban alex jones and louis farrakan : What kind of speech was the First Amendment written to protect? Why did Facebook ban Alex Jones and Louis Farrakan?
Major consequences for individuals : 1. What are some of the major consequences for individuals that obsess over their work performance?
Differences in architectures and operating systems : How Process migration within a heterogeneous network is usually impossible, given the differences in architectures and operating systems.
Overall quality of the company performance : As a network news reporter for NCU news. What would be the focus of writing a summary about the process improvement efforts, grading the story about Progressive
Find the cash value of the property bought in installment : Find the cash value of the property bought in installment, paying 2,500 at the beginning of each month for 3.5 years if interest is at 9% compounded monthly
Describe the six features of social commerce : Describe the six features of social commerce. Provide an example for each feature, describing how a business could use that feature for selling to consumers onl
Create nosql database : Create NOSQL Database. Build a small one web page or write javascript program to call these functions.
Communication methods in international business : 1. What are the concepts of culture, multiculturalism and diversity from the perspective of customs and values ??in face-to-face and virtual space that are obse
Main features of good leadership : Explain FOUR (4) main features of good leadership. Provide examples for each component to support your answer.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is tax research

What is tax research? What is the purpose of conducting tax research? Are results of tax research conclusive? Explain your response

  Discuss how the analysis you did above of flatirons

the flatiron pub provides catering services to local businesses. the following information was available for the

  Record the payment of the taxes on october

The company pays this amount on October 31. Record the monthly property tax accrual that is recorded in July 2014

  How are the financial statements affected

How are the financial statements affected when the membership is cancelled, the coupons expire or the machines are returned

  Discuss what is the borrowings and repayments amount

What is the borrowings and repayments amount on the cash budget,

  Prepare the General Journal entries for January

A Company purchased on account 3000 pounds of raw materials at $10 per pound on January 2 2017. Prepare General Journal entries for January

  What is overton estimated sales in units for next year

Overton Industries has the following sales forecasts for its hip waders next year: What is Overton estimated sales in units for next year

  Discuss the advantage of having diverse accounting standards

Discuss the advantages and disadvantages of having diverse accounting standards that are the product of each country's national environment.

  P-value of the statistic

Using the data in Exercise 3, test the hypothesis that the mean ages of houses in the two neighborhoods is the same. You may assume that the ages of houses in each neighbor- hood follow a Normal distribution. a) Calculate the P-value of the st..

  Prepare journal entries to record the machines

Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is paid for all costs incurred.

  Compute and show separately the amounts of gross profit

Compute and show separately the amounts of gross profit (loss) recognized during 2010 and 2011 from the above contract

  Define what is meant by a directed public share issue

Why did Novo choose to make a $61 million directed public share issue in the United States in 1981?

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