What is the present value of each of these accounts

Assignment Help Accounting Basics
Reference no: EM131807542

Suppose you have two bank accounts, one called Account A and another Account B. Account A will be worth $6,500.00 in one year. Account B will be worth $12,600.00 in two years. Both accounts earn 6% interest. What is the present value of each of these accounts?

Reference no: EM131807542

Questions Cloud

Equivalent to a series of equal : What single amount on April 1, 2012, is equivalent to a series of equal, semiannual cash flows of $1000 that starts with a cash flow on January 1, 2010.
Making uniform semiannual end-of-period deposits : A contractor wishes to set up a special fund by making uniform semiannual end-of-period deposits for 20 years. The fund is to provide $10,000 at the end of each
Equivalent to the sum of both cash flow series : What single amount on January 1, 2017, is equivalent to the sum of both cash flow series?
Explain the key differences between revising and editing : Explain the key differences between revising and editing. Explain how much time you believe a writer should spend on each task and why.
What is the present value of each of these accounts : Account B will be worth $12,600.00 in two years. Both accounts earn 6% interest. What is the present value of each of these accounts
Prepare a properly formatted statement of cash flows : Using the information provided, prepare a properly formatted statement of cash flows using the direct method
Monthly compounding on all accounts : What is the amount of each semiannual cash flow? Use a nominal interest rate of 12% with monthly compounding on all accounts.
Compute the present value of this stream of income : Compute the present value of this stream of income at a discount rate of 7%. Remember, you are calculating the present value for a whole stream of income
How much remains in the account after the last withdrawal : The last $5000 withdrawal will occur on January 1, 2015. How much remains in the account after the last withdrawal?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How many units must be sold to earn a profit

Annual fixed costs are $24,000. How many units must be sold to earn a profit of $12,000

  How would the costs of the recliners affect that theater

How would the costs of the recliners and installation within a given theater affect that theater's break even point? Explain

  What amount should james report as total infrequent losses

In its 2012 income statement, what amount should James report as total infrequent losses that are not considered extraordinary

  Joy of baking produces and sells a new tie dye cake mix

Joy of Baking produces and sells a new Tie Dye cake mix. The mix sells for $28 per package, each of which contains individual packages to prepare 5 cakes.

  Develop a swot analysis for fictitious organization

Develop a SWOT analysis for a fictitious organization.

  Dunbar company purchased, on credit

Terms of the purchase were 2/10, n/30. Dunbar paid for 20% of these sets on January 13 and the remaining 80% on February 1.

  Terms of credit if the invoice is paid

An mace of$1,000.1, merchandise purchased is showing, 3/15, n/30 as terms of credit if the invoice is paid on or before te fifteenth day, the amount be paid is A. $1.033  B. $1.000 C. $970   D. $1.030

  Explain specific training initiatives you would recommend

Design a needs assessment plan and identify three specific training initiatives you would recommend for these employees. Include the expected outcomes for the three training initiatives in your proposal.

  Briarcrest condiments is a spice-making firm recently it

briarcrest condiments is a spice-making firm. recently it developed a new process for producing spices. the process

  Record the journal entry to establish the partnership

Record the journal entry to establish the partnership. Record the entry to allocate the net income to the partners' capital accounts

  Compute the total unemployment taxes

Peyton Company payroll for the year is $737,910 of this amount, compute the Total unemployment Taxes

  Most likely to use process costing

Which of the following would be most likely to use process costing? A. Superior Auto Body & Repair B. Crammond Custom Cabinets C. Sunshine Soft Drinks D. AJackson & Taylor Tax Service

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