Find the present value of these cash flows

Assignment Help Financial Accounting
Reference no: EM133051786

Question - You have accumulated some money for your retirement. You are going to withdraw $73,511 every year at the beginning of the year for the next 23 years starting from today. How much money have you accumulated for your retirement? Your account pays you 19.08 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Reference no: EM133051786

Questions Cloud

Advantages of team-based reward systems : Discuss the link between a badly designed reward system, staff morale, and high turnover. Find five reasons why such an ineffective system can lead to low moral
Prepare in general journal format the entries required : Prepare in general journal format the entries required in the Ponce de Leon Endowment Fund to record the transactions occurring during the fiscal year
What is the minimum cost of assignment : A company has five jobs V, W, X, Y and Z and five machines A, B, C, D and E. The given matrix shows the cost in birr of assigning a job to a machine.
Explain anshen concept of social contract : Consider the contrasting points of view set forth by Melvin Anshen and Milton Friedman on the social responsibility of corporations and corporate executives.
Find the present value of these cash flows : You are going to withdraw $73,511 every year at the beginning of the year for the next 23 years starting from today. Find the present value of these cash flows
What would you suggest to paul pogba based on your analysis : What would you suggest to Paul Pogba based on your analysis regarding the new gold mine? Whether should they take this project
Write a summary of the incident and the type of crisis : Write a summary of the incident and the type of crisis experienced by the selected organization and Describe the crisis management plan
Good supplier relationship management approach : As mentioned in the article, HP has numerous suppliers. Why would it be important for HP to have a good supplier relationship management approach?
Recognise opportunities for engineering organisation : 1. Do you recognise opportunities for engineering organisation to attract ESG investments?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the balance of accumulated depreciation for machine

Mary Corp took impairment on this machine and wrote it down to $15,000. What is the balance of accumulated depreciation for this machine at the end of 2013?

  What processes are indispensable to be performed

What processes are indispensable to be performed? What outcomes are required from these processes to achieve business objectives? Visit the web sites of accounting software package vendors (e.g. SAP, MYOB, Xero etc.).

  How much litigation liability the company should accrue

Judgment costing any where from birr 80,000 to birr 120,000 but no specific amount is estimable How much litigation liability the company should accrue?

  What is the rate of gross profit on the installment sales

By what amount would Steele's net income for 2010 increases if cost-recovery method where employed?What is the rate of gross profit on the installment sales

  Which statements correctly states the effect of the error

Which statements correctly states the effect of the error on the trial? balance? A journal entry for a $260 payment to purchase office supplies was erroneously.

  What the depreciation expense for the first year will be

The computers after 4 years, at which time will be worth $2,000. If they use straight-line depreciation, the depreciation expense for the first year will be

  Evaluate current or recent developments

You should critically evaluate current or recent developments in the chosen area, providing relevant industry examples where appropriate.

  What can do to begin addressing the financial needs

As a new administrator of a nonprofit community health center, what can you do to begin addressing the financial needs of the center

  Record the transactions for western co in general journal

Record the transactions for Western Co. in general journal.May 1 Received a $ 7,5001-year,10%note in exchange for Andy Richter outstanding accounts recevable

  Properly classified between current and long-term

At the financial statement date of December 31, 2017, the liabilities outstanding of ABC Corporation included the following: Cash dividends on common stock, $50,000, payable on January 15, 2018. Note payable to XYZ State Bank, $470,000, due January 2..

  Baseline measure for sustainable cash flow from operations

What would be an appropriate baseline measure for sustainable cash flow from operations, given past performance, ratios need to be done, and information in 10-K needs to be read?

  Indicate the net income loss

Assuming that Jaymes has excess operating capacity, indicate the net income (loss) Jaymes would realize by accepting the special order.

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!

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