How much will lawrence need to invest today

Assignment Help Accounting Basics
Reference no: EM13505734

In the September 18, 2006 issue of The U.S. News & World Report, savings plans and the cost of attending a 4-year college were thoroughly reviewed. Lawrence Ferlong anticipates he will need about $218,000 in 15 years to cover his child's college bills for the four years. His daughter is currently 3 years old. How much will Lawrence need to invest today, at an interest rate of 8% compounded semiannually?

Reference no: EM13505734

Questions Cloud

Explain hypobromous acid to form a buffer solution : How many moles of sodium hypobromite should be added to 1.00 of 5.0×10-2 hypobromous acid to form a buffer solution of = 9.13? Assume that no volume change occurs when the is added.
Misleading financial statement user under securitie exchange : Impairment is necessary under FASB ASC for the acquisition of a company with continued losses - misleading financial statement users under Securities Exchange
Find the skiers speed at the bottom : Use the worked example above to help you solve this problem. A skier starts from rest at the top of a frictionless incline of height 20.0 m, Find the skier's speed at the bottom
Law partner concerning a divorce : Law partner concerning a divorce but did not actually hire the former partner?
How much will lawrence need to invest today : His daughter is currently 3 years old. How much will Lawrence need to invest today, at an interest rate of 8% compounded semiannually?
Explain sodium thiosulfate solution : How do you determine the concentration of thiosulfate ions in 0.25M sodium thiosulfate solution
Should norman accept or reject the special order : Should Norman accept or reject the special order to pour 40 slabs for $2,250 each? Support your answer with appropriate computations.
Define the solubility products for the compound : From the solubility data given, calculate the solubility products for the following compound Ag3PO4, 6.7 x 10^-3 g/L
How much work is done by the truck in pulling the blimp : A small blimp is used for advertising purposes at a football game. It has a mass of 86.6 kg and is attached by a towrope to a truck on the ground. how much work is done by the truck in pulling the blimpb

Reviews

Write a Review

Accounting Basics Questions & Answers

  Total overhead variance-overhead controllable variance

In the current month, the company incurred $305,000 actual overhead and 22,000 actual labor hours while producing 35,000 units. Compute the (1) total overhead variance, (2) overhead volume variance, and (3) overhead controllable variance.

  Total present value of investment opportunity

a. What is the net present value of this investment opportunity? b. Based on your answer to (a) above, should Axillar go ahead with the new conditioning shampoo?

  Estimating of the market values

Roark Company paid $630,000 for a basket purchase that included land, a building and equipment. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately:

  Deployed for the production of other compressor

What is the maximum acceptable purchase price if the plant facilities are fully utilized a present and and if any additional available capacity can be deployed for the production of other compressor?

  Prepare the business income statement for the period

Prepare the business Income Statement for the period.    Prepare the business Statement of Changes in Equity for the period, Prepare afully classified Balance Sheet at the end of the period.

  To what years can the 2006,2009 and 2010 net operating

That the taxpayer has consistently elected to carryback the net operating losses as incurred and elected the "two-year" carryback provision.

  Determining the activity based costing

What is "Activity Based Costing" and how does it work? What does it do for a firm employing such a system? How do you go about developing such a system in a firm? What are the steps? What would an example look like?

  Activity cost pool estimated overhead expected use

Computer Parts, Inc., a manufacturer of computer chips, employs activity-based costing. The following budgeted data for each of the activity cost pools is provided below for the year 2010.

  Journal entries-exercise of the warrants

Prepare the journal entries for both companies in March 2018 to record the exercise of the warrants.

  On nov 12 ms don amp co sold merchandise on account to

complete all the steps of journalizing based on the information provided below.on december 15 ms. corne amp co.

  Presented below are the financial balances for the atwood

presented below are the financial balances for the atwood company and the franz company as of december 31 2009

  From your text and at least one scholarly source research

from your text and at least one scholarly source research information on responsibility centers. explain how

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