How many years will it take to reach the goal

Assignment Help Financial Accounting
Reference no: EM132821540

Question - In the provided scenario, you address the time value of money also known as discounted cash flow analysis. This type of analysis is crucial to being able to viably analyze financial statements. The start-up firm you founded is trying to save $10,000 in order to buy a parcel of land for a proposed small warehouse expansion. In order to do so, your finance manager is authorized to make deposits of $1250 per year into the company account that is paying 12% annual interest. The last deposit will be less than $1250 if less is needed to reach $10,000.

Required - How many years will it take to reach the $10,000 goal and how large will the last deposit be? Show your work.

Reference no: EM132821540

Questions Cloud

What research say about internal and external motivations : What does the research say about internal and external motivations in online learning? How important is cognitive load theory when considering learner.
Describe a clean tech product : Describe a clean tech product and discuss how it is innovative compared to conventional alternatives.
What amount of sales is needed to produce target income : Assume Hudson Co. has a target pretax income of $171,000 for 2020. What amount of sales (in dollars) is needed to produce this target income?
Contrast the benefits of a company diversifying : -Compare and contrast the benefits of a company diversifying into different businesses and an individual investor diversifying an investment portfolio.
How many years will it take to reach the goal : This type of analysis is crucial to being able to viably analyze financial statements. How many years will it take to reach the goal
Humans actively construct meanings and attach values : The book stated that there is no intrinsic meaning in phenomena but that humans actively construct meanings and attach values.
Why is it important to have career goals : Why is it important to have career goals? Why is it important to set new goals once you get close to achieving your current goals?
Why would price-earnings ratio be higher for the software : You have just won $2 million in lottery! Why would a bank have such a large difference between its return on common shareholders' equity and return on assets?
What key messages do you want to communicate : What key messages do you want to communicate? What objective measures will you collect to demonstrate change, and what tools will you use for collecting these.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Pay for steroids in full in order to avoid finance charges

Paul's credit card closes on the 8th of the month, and his payment is due on the 26th. if paul purchases a stereo for 300 on June 16th, how many interest - free days will he have? when will he have to pay for the steroids in full in order to avoid fi..

  Create ideas for promotional documents to appeal targeted us

Create two ideas for promotional documents (flyers, pamphlets, etc.) to appeal to both your targeted U.S. viewers and to your targeted viewers

  Identify the profit to investment

Identify the profit to your investment, at the call's expiration, for each of these value of the underlying stock: $25, $70, $100, $400.

  Sapling inc is a 95 percent-owned subsidiary of fir

sapling inc. is a 95 percent-owned subsidiary of fir enterprises. fir enterprises sells sapling an industrial wood

  Show definition of finance and efficient market

Show Definition of Finance and Efficient Market and identification of their role in finance.

  How much final tax must have been withheld by vodka inc

How much final tax must have been withheld by Vodka, Inc.? Mr. Seigfried, a resident citizen, received P100, 000 dividend income from Vodka, Inc.,

  Do relevant journal entries to record the depreciation year

Find do relevant journal entries to record the depreciation expense for the year ended 30 June 2019 and revaluation entries on 30 June 2019.

  Prepare a multi-step income statement

Please help me prepare a multi-step income statement- Debits: Cash - $33,470, A/R - $37,170, inventory - $48,470, supplies - $8,970, Equipment - $139,940, sales returns & allowances - $4200, COGS - $495,400, salaries and wage expenses - $138,120, adv..

  How to make the journal entries to record the bond issuance

Prepare the journal entries to record the bond issuance. (Show calculation). Prepare the adjusting entries as of 31 December 2017. (Show calculation).

  Use compressed adjusted present value model

Assume that firms U and L are in the same risk class, and that both have EBIT = $500,000. Firm U uses no debt financing, and its cost of equity is rsU = 14%. Firm L has $1 million of debt outstanding at a cost of rd = 8%. There are no taxes. Assume t..

  Equivalent units for july

Crawford Company has the following equivalent units for July: materials 20,000 and conversion costs 18,000. Production cost data are: Materials Conversion Work in process, July 1 $ 3,200 $ 1,500 Costs added in July 25,200 21,000 The unit production c..

  What would suggest to the employees

What would suggest to the employees? Many employees of S&S Air have shares of stock in the company because of an existing employee stock purchase plan.

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