User Account

All Pages

What amount could the firm deposit in an account paying

Assignment Help Accounting Basics
Reference no: EM13972293

1. A firm of accountants has ordered 7 new computers at a cost of $5,104 each. The machines will not be delivered for 7 months. What amount could the firm deposit in an account paying 6.42% to have enough to pay for the machines?

Reference no: EM13972293

Questions Cloud

Find the interest rate that makes the statement true : Find the interest rate (with annual compounding) that makes the statement true (rounded to the nearest dollar) $8,500 grows to $12,161 in 7 years.
Find the amount of interest earned : Find the amount of interest earned by each of the following deposits: $27,630.35 at 4.4% compounded quarterly for 3.7 years.
Find the compound amount for each of the following deposit : Find the compound amount for each of the following deposits: $15,000 at 4.6% compounded semiannually for 11 years.
Lorie reilly decides to go back to college : What amount can she deposit today at 5.25% to have enough to pay off the loan?
What amount could the firm deposit in an account paying : What amount could the firm deposit in an account paying 6.42% to have enough to pay for the machines?
What amount should a student deposit today : Tuition is 1,769 will be due when the spring term begins in 4 months. What amount should a student deposit today, at 3.25% to have enough to pay the tuition?
What interest rate was earned : A $100,000 certificate of deposit held for 60 days is worth $101,133.33. To the nearest tenth of a percent, what interest rate was earned?
Find the interest rate to the nearest tenth on the proceeds : Find the interest rate to the nearest tenth on the proceeds for the following simple discount notes. $5,000; discount rate 8.1%; length of loan 6 months.
Record the entries required to adjust and correct accounts : Machinery at the end of the year shows a balance of $19,960. It is discovered that additions to this account during the year totaled $4,460, but of this amount, $760 should have been recorded as repairs. Depreciation is to be recorded at 10% on machi..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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