Cullumber Company earns 11% on an investment that will return $450,000 6 years from now. Click...
Cullumber Company earns 11% on an investment that will return
$450,000 6 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 is the amount Cullumber should invest now to earn this rate of
return? (Round answer to 2 decimal places, e.g.
25.25.)
| Cullumber Company should invest |
Homework Answers
Cullumber Company should invest = $240,588
Working
| Value of return | PV factor @11% | Amount to be invested |
| $ 450,000.00 | 0.53464 | $ 240,588.00 |
Add Answer to:
Cullumber Company earns 11% on an investment that will return
$450,000 6 years from now.
Click...
Brief Exercise G-10 Lloyd Company earns 6% on an investment that will return $465,000 9 years...
Brief Exercise G-10 Lloyd Company earns 6% on an investment that will return $465,000 9 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 is the amount Lloyd should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Lloyd Company should invest $
Brief Exercise G-10 Lloyd Company earns 12% on an investment that will return $453,000 9 years...
Brief Exercise G-10 Lloyd Company earns 12% on an investment that will return $453,000 9 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 is the amount Lloyd should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Lloyd Company should invest $ LINK TO TEXT Brief Exercise G-11 Robben Company is considering investing in an annuity...
Brief Exercise G-10 Blossom Company earns 8% on an investment that will return $430,000 7 years...
Brief Exercise G-10
Blossom Company earns 8% on an investment that will return
$430,000 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 is the amount Blossom should invest now to earn this rate of
return? (Round answer to 2 decimal places, e.g.
25.25.)
Blossom Company should invest
$enter an amount to be invested in dollars rounded to 2 decimal
places
Messi Company is considering an investment that will return a lump sum of $880,000 7 years from now. Click here to view...
Messi Company is considering an investment that will return a lump sum of $880,000 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 12% return? (Round answer to 2 decimal places, e.g. 25.25.) Messi Company should pay $ ??
PRINTER VERSION NACK NEXT Question 6 Cullumber Company is considering an investment that will return a...
PRINTER VERSION NACK NEXT Question 6 Cullumber Company is considering an investment that will return a lump sum of $520,000 years from now. What amount should Cullumber Company pay for this investment in order to earn a 6% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF L. Giochere to view the factor table PRESENT...
Brief Exercise G-12 Cullumber Company is considering investing in an annuity contract that will return $33,340 annu...
Brief Exercise G-12 Cullumber Company is considering investing in an annuity contract that will return $33,340 annually at the end of each year for 20 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Cullumber Company pay for this investment if it earns an 5% return? (Round answer to 2 decimal places, e.g. 25.25.) Cullumber Company should pays Click if you would like to...
Messi Company is considering an investment that will return a lump sum of $720,000 4 years...
Messi Company is considering an investment that will return a
lump sum of $720,000 4 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
9% return? (Round answer to 2 decimal places, e.g.
25.25.)
Messi Company should pay
$
Click if you would like to
Show Work for this question:
Open Show Work
Sunland Company is considering an investment that will return a lump sum of $863,000, 8 years...
Sunland Company is considering an investment that will return a lump sum of $863,000, 8 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 Sunland Company pay for this investment to earn an 9% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay $enter the amount that should be invested rounded to 2 decimal places
X Your answer is incorrect. Pharoah Company earns 9% on an investment that will return $370,000...
X Your answer is incorrect. Pharoah Company earns 9% on an investment that will return $370,000 9 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 is the amount Pharoah should invest now to earn this rate of return? (Round answer to 2 decimal places, eg. 5,275.25.) Pharoah Company should invest $ 170539.1 e Textbook and Media Attempts: 1 of 3 used
Brief Exercise A-9 Messi Company is considering an investment that will return a lump sum of...
Brief Exercise A-9
Messi Company is considering an investment that will return a
lump sum of $940,000 6 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
6% return? (Round answer to 2 decimal places, e.g.
25.25.)
Messi Company should pay
$
Brief Exercise G-10 Lloyd Company earns 6% on an investment that will return $465,000 9 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 is the amount Lloyd should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Lloyd Company should invest $
Brief Exercise G-10 Lloyd Company earns 12% on an investment that will return $453,000 9 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 is the amount Lloyd should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Lloyd Company should invest $ LINK TO TEXT Brief Exercise G-11 Robben Company is considering investing in an annuity...
Brief Exercise G-10
Blossom Company earns 8% on an investment that will return
$430,000 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 is the amount Blossom should invest now to earn this rate of
return? (Round answer to 2 decimal places, e.g.
25.25.)
Blossom Company should invest
$enter an amount to be invested in dollars rounded to 2 decimal
places
PRINTER VERSION NACK NEXT Question 6 Cullumber Company is considering an investment that will return a lump sum of $520,000 years from now. What amount should Cullumber Company pay for this investment in order to earn a 6% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF L. Giochere to view the factor table PRESENT...
Brief Exercise G-12 Cullumber Company is considering investing in an annuity contract that will return $33,340 annually at the end of each year for 20 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Cullumber Company pay for this investment if it earns an 5% return? (Round answer to 2 decimal places, e.g. 25.25.) Cullumber Company should pays Click if you would like to...
Messi Company is considering an investment that will return a
lump sum of $720,000 4 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
9% return? (Round answer to 2 decimal places, e.g.
25.25.)
Messi Company should pay
$
Click if you would like to
Show Work for this question:
Open Show Work
X Your answer is incorrect. Pharoah Company earns 9% on an investment that will return $370,000 9 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 is the amount Pharoah should invest now to earn this rate of return? (Round answer to 2 decimal places, eg. 5,275.25.) Pharoah Company should invest $ 170539.1 e Textbook and Media Attempts: 1 of 3 used
Brief Exercise A-9
Messi Company is considering an investment that will return a
lump sum of $940,000 6 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
6% return? (Round answer to 2 decimal places, e.g.
25.25.)
Messi Company should pay
$
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