PLEASE ANSWER BOTH PARTSHomework Answers
a) Sarah must make annuity payments of:-
=PMT(rate,nper,pv,fv)
=PMT(8%,14,,33900)
=1399.96
b) As the interest rate and discount rate are the same, the amount receivable will be the same as the issue price, which is 348500
Add Answer to:
PLEASE ANSWER BOTH PARTS
Brief Exercise 6-7 X Your answer is incorrect. Try again. Sara has...
Brief Exercise G-15 * Your answer is incorrect. Try again. Pharoah Company is about to issue...
Brief Exercise G-15 * Your answer is incorrect. Try again. Pharoah Company is about to issue $251,800 of 9-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Pharoah expect to receive from the sale of these bonds? (Round answer to 0 decimal places,...
Brief Exercise A-9 x Your answer is incorrect. Try again. Messi Company is considering an investment...
Brief Exercise A-9 x Your answer is incorrect. Try again. Messi Company is considering an investment that will return a lump sum of $820,000 7 years from now. Click here to view the factor table, (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Messi Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.) Messi Company should pay Click If you would like...
Brief Exercise A-13 23 Your answer is incorrect. Try again. Dempsey Railroad Co. is about to...
Brief Exercise A-13 23 Your answer is incorrect. Try again. Dempsey Railroad Co. is about to issue $334,000 of 5-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 8% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) How much can Dempsey expect to receive for the sale of these bonds? (Round answer to decimal places, e.g. 2,525.) Dempsey...
Brief Exercise G-16 Your answer is incorrect. Try again. Crane Company receives a $62,700, 6-year note...
Brief Exercise G-16 Your answer is incorrect. Try again. Crane Company receives a $62,700, 6-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 9%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Crane? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received 52,289.01
Brief Exercise G-7 Sara I just graduated from college. She has determined that to purchase a...
Brief Exercise G-7 Sara I just graduated from college. She has
determined that to purchase a home in 15 years she needs to
accumulate $22,700 for a down payment. If Sarah can earn 9% per
year on her savings, what is the amount of the annual annuity
payment that Sarah must make at the end of each year for 15 years.
CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 6-7 Sara has just graduated from college. She has determined that to...
Brief Exercise 6-3 Crane Company signed a lease for an office building for a period of...
Brief Exercise 6-3 Crane Company signed a lease for an office building for a period of 14 years. Under the lease agreement, a security deposit of $9,100 is made. The deposit will be returned at the expiration of the ease with interest compounded to per year Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 (For calculation purposes, we decimal places as displayed in...
CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 x Your answer is incorrect. Try again. Marigold Corp....
CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 x Your answer is incorrect. Try again. Marigold Corp. is about to issue $310,200 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. Click here to view the factor table 1 Click here to view the factor table 2 Click here to view the factor table Click here to view the factor table 4. How much can Marigold expect to receive for...
Having trouble trying to figure out how to solve these two, thanks Brief Exercise G-3 Crane...
Having trouble trying to figure out how to solve these two,
thanks
Brief Exercise G-3 Crane Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $9,200 is made. The deposit will be returned at the expiration of the lease with interest compounded at 5% per year Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of...
Brief Exercise G-14 Sunland Company is about to issue $251,800 of 8-year bonds paying an 9%...
Brief Exercise G-14 Sunland Company is about to issue $251,800 of 8-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for such securities is 10% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Sun and expect to receive for the sale of these bonds? (Round answer to o decimal places, e.g. 2,575.) Sunland can expect to receive Click If...
CALCULATOR PRINTER VERSION BACK NEX Brief Exercise G-15 Ivanhoe Company is about to issue $293,200 of 6-year bonds...
CALCULATOR PRINTER VERSION BACK NEX Brief Exercise G-15 Ivanhoe Company is about to issue $293,200 of 6-year bonds paying an 8% interest rate, with interest payable semiannually. The discount rate for such securities is 12% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Ivanhoe expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)...
Brief Exercise G-15 * Your answer is incorrect. Try again. Pharoah Company is about to issue $251,800 of 9-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Pharoah expect to receive from the sale of these bonds? (Round answer to 0 decimal places,...
Brief Exercise A-9 x Your answer is incorrect. Try again. Messi Company is considering an investment that will return a lump sum of $820,000 7 years from now. Click here to view the factor table, (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Messi Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.) Messi Company should pay Click If you would like...
Brief Exercise A-13 23 Your answer is incorrect. Try again. Dempsey Railroad Co. is about to issue $334,000 of 5-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 8% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) How much can Dempsey expect to receive for the sale of these bonds? (Round answer to decimal places, e.g. 2,525.) Dempsey...
Brief Exercise G-16 Your answer is incorrect. Try again. Crane Company receives a $62,700, 6-year note bearing interest of 6% (paid annually) from a customer at a time when the discount rate is 9%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Crane? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received 52,289.01
Brief Exercise G-7 Sara I just graduated from college. She has
determined that to purchase a home in 15 years she needs to
accumulate $22,700 for a down payment. If Sarah can earn 9% per
year on her savings, what is the amount of the annual annuity
payment that Sarah must make at the end of each year for 15 years.
CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 6-7 Sara has just graduated from college. She has determined that to...
Brief Exercise 6-3 Crane Company signed a lease for an office building for a period of 14 years. Under the lease agreement, a security deposit of $9,100 is made. The deposit will be returned at the expiration of the ease with interest compounded to per year Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 (For calculation purposes, we decimal places as displayed in...
CALCULATOR PRINTER VERSION BACK Brief Exercise G-14 x Your answer is incorrect. Try again. Marigold Corp. is about to issue $310,200 of 10-year bonds paying an 10% interest rate, with interest payable semiannually. The discount rate for such securities is 12%. Click here to view the factor table 1 Click here to view the factor table 2 Click here to view the factor table Click here to view the factor table 4. How much can Marigold expect to receive for...
Having trouble trying to figure out how to solve these two,
thanks
Brief Exercise G-3 Crane Company signed a lease for an office building for a period of 10 years. Under the lease agreement, a security deposit of $9,200 is made. The deposit will be returned at the expiration of the lease with interest compounded at 5% per year Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of...
Brief Exercise G-14 Sunland Company is about to issue $251,800 of 8-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for such securities is 10% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Sun and expect to receive for the sale of these bonds? (Round answer to o decimal places, e.g. 2,575.) Sunland can expect to receive Click If...
CALCULATOR PRINTER VERSION BACK NEX Brief Exercise G-15 Ivanhoe Company is about to issue $293,200 of 6-year bonds paying an 8% interest rate, with interest payable semiannually. The discount rate for such securities is 12% Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Ivanhoe expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)...
Most questions answered within 3 hours.
-
The Food Marketing Institute shows that 17% of households spend
more than $100 per week on...
asked 1 minute ago -
Go to NCBI BLAST search web page
1st search: GEKDLRRAKDINQEVYNF
2nd search: PTSQRLQLLEPFDK
3rd search: GEKDLRRAKDINQEVYNF...
asked 4 minutes ago -
Explain how each of the following three conditions could be a
red flag for a register...
asked 9 minutes ago -
In a two-way factorial ANOVA, the final F-ratio for
factor AxB is determined by dividing _____...
asked 40 minutes ago -
Show your solutions for answer.
4. An aqueous solution contains 9.21 g of
K4Fe(CN)6 in a...
asked 10 minutes ago -
The random variable X has a uniform distribution with values
between 16 and 18. What is...
asked 19 minutes ago -
Evaluate each of the following transactions in terms of their
effect on assets, liabilities, and equity....
asked 18 minutes ago -
The amounts of nicotine in a certain brand of cigarette are
normally distributed with a mean...
asked 38 minutes ago -
The commercial lending department of First Bank made a
substantial loan to Alpha Company after obtaining...
asked 24 minutes ago -
For a reaction, reagents --->products, it's forwarding rate
(rate of products formation) is proportional to the...
asked 37 minutes ago -
5)
Typically,
there will need to be a rather high degree of coordination and
interaction among...
asked 33 minutes ago -
if the marginal revenue on each MRI is $2500, and the
marginal cost for each is...
asked 35 minutes ago