### Suppose you are to receive a stream of annual payments (also called an “annuity”) of $9000 every year for

Suppose you are to receive a stream of annual payments (also called an “annuity”) of $9000 every year for 3 years starting this year. This discount rate is 6%. What is the present value of these three payments? Show all your steps and demonstrate a good understanding.

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### Norris is presently leasing a small business computer from Stark office equipment co. the lease requires 10 annual payments of

Norris is presently leasing a small business computer from Stark office equipment co. the lease requires 10 annual payments of $3,500 at the end of each year and provides the lessor (stark) with an 8% return on its investment. You may use the following 8% interest factor: 9 periods 10 periods 11 periods future value

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### What is the accumulated sum of each of the following streams of payments?

What is the accumulated sum of each of the following streams of payments? 1. $500 a year for 10 years compounded annually at 5 percent 2. $100 a year for 5 years compounded annually at 10 percent 3. $35 a year for 7 years compounded annually at 7 percent 4. $25 a year for 3

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### Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns.

Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. a) What is the amount of the payments that Tom Brokaw must make at the end of each of 8 years to accumulate a fund of $70,000 by the end of the eight year, if the

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### Your brother is 55 years old now and his current savings declined to $500000 and he does not feel this is sufficient ,so he works for

Your brother is 55 years old now and his current savings declined to $500000 and he does not feel this is sufficient ,so he works for another 10 years to retire at age 65.He expects to live for another 20 years after he retires he wants to have $100000 to live on each of the

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### 17. The basis for classifying assets as current or noncurrent is the period of time normally required by the accounting entity to convert cash invested in

17. The basis for classifying assets as current or noncurrent is the period of time normally required by the accounting entity to convert cash invested in a. inventory back into cash, or 12 months, whichever is shorter. b. receivables back into cash, or 12 months, whichever is longer. c. tangible fixed assets back into cash,

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### Question 1 Fine the future values of the following ordinary annuities:

Question 1 Fine the future values of the following ordinary annuities: a. FV of $400 each 6 months for 5 years at a nominal rate of 12%, compounded semiannually? b. Fine of $200 each 3 months for 5 years at a nominal rate of 12%, compounded quarterly? c. The annuties described in parts a and

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### Practice test questions 1) What are the key advantages common to LLPs and LLC.

Practice test questions 1) What are the key advantages common to LLPs and LLC. 2) If a stock is paying $3.0 per year in dividends, and is expected to continue this indefinitely, with a required rate of return of 10% what is the value of the stock? 3)If you want to have $600,000 for retirement

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### Your favorite uncle, having saved and lived frugally throughout his career, has retired at the age of 60. His former employer’s pension plan has offered him the alternative of 1)

Your favorite uncle, having saved and lived frugally throughout his career, has retired at the age of 60. His former employer’s pension plan has offered him the alternative of 1) receiving $478 per month until his death, or 2) receiving a lump sum distribution of $76,120. Lump sum payment under 2) would occur on the

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### You are buying your first house for $220,000. and are paying $30,000 as a down payment. You have arranged to

You are buying your first house for $220,000. and are paying $30,000 as a down payment. You have arranged to finance the balance of $190,000 with a 30 year mortgage with a 8% nominal interest rate and monthly payments. What are the equal monthly payments you must make?

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