Present value of an annuity, Financial Accounting

Assignment Help:

Let us assume you expect to obtain Rs.2000 yearly for the next three years. The receipt of Rs.2000 is evenly divided. One part that is: Rs.1000 is obtained at the beginning of the year and the remaining Rs.1000 is received on the end of the year. We are interested in understanding the present value while the discount rate is 10%. The cash flows declared above are of two types that are similar to annuity due and regular annuity. The present value of such cash flow is determined as follows:

a) Present value of Rs.1000 obtained at the end of each year for three years as Regular annuity.

Rs. 1000 (1/ 1.10) + Rs.1000 (1/ 1.10)2 + Rs.1000 (1/ 1.10)3

= (1000 * 09091) + (1000 * 08264) + (1000 + 0.7513)

= Rs.2479.

b) Present value of Rs.1000 obtained at the starting of each year for three yearas annuity due

= Rs. 1000 + Rs. 1000 (1/ 1.10) + Rs.1000 (1/ 1.10)2

= 1000 + (1000 * 09091) + (1000 + 08264)

= Rs.2735

The present value of such annuity = Rs. 2479+Rs.2735 = Rs. 5214.


Related Discussions:- Present value of an annuity

Accounting information system, REA diagram for (1) PEGASUS PAPER PRODUCTS a...

REA diagram for (1) PEGASUS PAPER PRODUCTS and (2)PIECES BOUTIQUE

Compute and list the budget - budgeting, When Lydia started her vending mac...

When Lydia started her vending machine business, she instituted flexible budgeting for the first few months of operations. Her first monthly budget numbers were these: Cost of g

Show example on ratio calculations, Q. Show example on Ratio calculations? ...

Q. Show example on Ratio calculations? The current gearing of Springbank plc = 100 × (3·5m/4m) = 87·5% Total debt after issuing $3·4m of debt = 3·5m + 3·4m = $6·9m New le

Treasury security, The real risk-free rate is 3%. Inflation is usual to be ...

The real risk-free rate is 3%. Inflation is usual to be 3% this year, 4% next year, and then 5% afterthat. The maturity risk premium is estimated to be 0.0007 x (t - 1), where t =

Financial and Managerial Accounting 9e, I need extra help with receivable t...

I need extra help with receivable turnover, days'' sales uncollected, and bank reconciliation.

FASB and IASB - Revenue recognition, Q1. what are the roles and objective o...

Q1. what are the roles and objective of FASB and IASB? Q2.what are the main reason for the joint project undertaken by the FASB and IASB? Q3.state some critics by individual and th

Failure to record depreciation at year ?, Failure to record depreciation at...

Failure to record depreciation at year end will result in all of the following except Understatement of total liabilities. Overstatement of total assets. Overstatement of net incom

Money, if you inherited 45,000 today and invested all of it in a security t...

if you inherited 45,000 today and invested all of it in a security that paid a 7 percent rate of return how much would you have in 25 years

Closing entries, Closing Entries: Expenses Below is a list of accounts with...

Closing Entries: Expenses Below is a list of accounts with corresponding ending balances. Account: Account Balance a.Insurance Expense: $1,300 b.Cash: 750 c.Accounts Receivable: 4,

Write Your Message!

Captcha
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