User Account

All Pages

What is the present value of this annuity

Assignment Help Accounting Basics
Reference no: EM132623374

Question - A 10-year annuity pays $900 per year, with payments made at the end of each year. The first $900 will be paid 5 years from now. If the interest rate is 8% and interest is compounded quarterly, what is the present value of this annuity? Note: Adjust the interest rate. The effective annual yield (EAY) is the appropriate discount rate because it captures the effect of compounding periods.

Reference no: EM132623374

Questions Cloud

Record these transactions in a transaction worksheet : On December 31st, 2012, Bingo Corp. borrowed $50,000 from a bank. Record these transactions in a transaction worksheet
Prepare black journal entries with full explanation : Prepare Black's journal entries with full explanation for both 2019 and 2020. On January 1, 2019, Acquire Corporation purchased 15,000
Why is the theory of culture care diversity important : Mrs. Franklin-Jones was admitted from the Emergency Room to Cardiac Intensive Care one week ago with a diagnosis of acute myocardial infarction.
How much does she need to place in a savings account : How much does she need to place in a savings account today that earns 6.89 percent per year (compounded Quarterly) to accumulate this amount?
What is the present value of this annuity : The first $900 will be paid 5 years from now. If the interest rate is 8% and interest is compounded quarterly, what is the present value of this annuity
Compute the net income for johnson inc : An analysis of Johnson, Inc. Equipment of P20,000 was donated by shareholders during the year. Compute the net income for 2017.
What was the real interest rate in? 1975 : What was the real interest rate in? 1975? How would the purchasing power of your savings have changed over the? year?
What past hardship or loss has client successfully negotiate : Demographics, life time education and career/employment. What past hardship or loss has the client successfully negotiated in the past?
How much money do you need to invest today : How much money do you need to invest today to pay for your graduate school if your investments earn 4.18% APR (compound annually)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate annual amortization of trademark

Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, How do you calculate annual amortization of Trademark?

  Prepare the journal entry on july for ellsbury

Kickapoo pays Ellsbury on July 15, 2014, and Ellsbury delivers the machine on July 31, 2014. Prepare the journal entry on July 1, 2014, for Ellsbury

  Yu now need to calculate the cost of debt for dell go to

you now need to calculate the cost of debt for dell. go to exa.marketwatch.comfinrabondcenterdefault.aspx enter dell

  How much of the money will each partner receive

How much of this money will each partner receive if profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:3:3 basis, respectively?

  What is the direct materials efficiency variance

The following data pertains to the direct materials cost for the month of October. What is the direct materials efficiency (quantity) variance?

  What is the probability the person

What is the probability the person is 20 to 24 years old? What is the probability the person is 20 to 34 years old?

  Briefly describe the accounting for these sales

Companies are required to pay the full amount due by March 15, 2016. Briefly describe accounting for these sales, if Gyro is unable to reliably estimate returns

  Lovitz company is planning to produce 2500 units of product

lovitz company is planning to produce 2500 units of product in 2008. each unit requires 4 pounds of materials at 8 per

  What are the amount of the note on bramble corp

What are the amount and classification of the note on Bramble Corp.'s statement of financial position as at December 31, 2021?

  Enter the trial balance on a worksheet

The trial balance columns of the worksheet for Briscoe Company at June 30, 2008, Enter the trial balance on a worksheet and complete the worksheet

  Fleming company sellsl a product for 50 per unit the fixed

fleming company sellsl a product for 50 per unit. the fixed costs are 525000 and the variable costs are 60 of th

  Problem regarding straight-line depreciation

Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively. Compute the gain recognized by Demers Company relating to the equipment for 2006:

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