User Account

All Pages

Find what is the value of payments in today dollars

Assignment Help Financial Accounting
Reference no: EM133010776

Problem 1: You won a lottery that will make equal payments of $2,000 at the end of each year for the next five years. If the annual interest rate stays constant at 9%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.)

Option 1: $8,479

Option 2: $9,724

Option 3: $6,612

Option 4: $7,779

Reference no: EM133010776

Questions Cloud

Why the equilibrium quantity in a market maximizes : Use the Rational Rule for Markets to explain why the equilibrium quantity in a market maximizes the market's total economic surplus.
How much money will valerie have to buy a new lcd tv : How much money will Valerie have to buy a new LCD TV at the end of 3 years, rounded to the nearest whole dollar? Valerie has a large and growing collection.
Which of the statements about annuities are true : Which of the statements about annuities are true? An annuity due is an annuity that makes a payment at the end of each period for a certain time period.
How do find and what is the present value of the payments : You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 15%. What is the present value of these payments
Find what is the value of payments in today dollars : You won a lottery that will make equal payments of $2,000 at the end of each year for the next five years. What is value of these payments in today's dollars?
What is the amount deposit would change by : If your deposits were made at the beginning of each year rather than an at the end, what is the amount your deposit would change by
What would Sandhill report as total revenues : Sandhill Co. had the following account balances: Sales revenue $431000. What would Sandhill report as total revenues
What amount will have to deposit into account : You want to make annual identical deposits, what amount will you have to deposit into your account at the end of each year to reach your goal?
Conflicting goals of companies and unions : Identify three common and three conflicting goals of companies and unions. Explain how these goals may be unique to different industries. How might they be the

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the payback period for each machine

The second machine requires an initial investment of $41,000. Determine the payback period for each machine

  How rona would had reported sales of

Rona wrote off uncollectable account totaling $20,000 during the year 2019. Under the cash basis of accounting, How Rona would had reported 2019 sales of

  What are the three basic types of audit opinion

What are the three basic types of audit opinion, and what is the meaning of each? Which type of opinion is the most favorable? Which is the most negative?

  Find what net cash provided by operating activities was

Find What Net cash provided by operating activities was?In preparing a company's statement of cash flows using the indirect method.

  Compute a classified balance sheet at december

Prepare a classified balance sheet at December 31, 2008. As of December 31, 2008, has the financing for Ethan Allen's investment in assets primarily come from liabilities or stockholders' equity?

  The entry to record issuance of the bonds includes

On April 1, 20X6, Ratchford Industries issued $500,000 of 12%, 10-year bonds. The bonds, which were issued at 103, pay interest on October 1 and April 1. The entry to record issuance of the bonds includes:

  Compute the total cost of borrowing for these bonds

Prepare the journal entry to record the issuance of the bonds. Compute the total cost of borrowing for these bonds.

  Compute the balance in the deferred income tax asset

In 20X2, new taxable temporary differences occurred = 90,000. Compute the balance in the deferred income tax asset account on December 31, 20X1

  Compute price and quantity materials variances

Compute price, and quantity materials variances for the Tile Company for March. Indicate amount ($) and favorable (F) or unfavorable (U) effects. Price variance

  Write a query using analytic functions

Write a query using analytic functions that will show the serial number, the price of each JAGUAR car as well as the cumulative sale price totals.

  The loan is to be repaid using equal annual payments

Kermit is considering purchasing a new computer system. The purchase price is $142491. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments ov..

  Accrued liability for unemployment claims

In its December 31, 2011 balance sheet, what amount should Acme report as accrued liability for unemployment claims?

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