Answer6:- option b 12 years
Answer7:- option c is correct $15, 174
Because $15, 174x6yearsx2x1.1=~200, 000
Barkley Company will receive $16,000 in a future year. If the future receipt is discounted at...
*. Il you invest $50,000 to earn 8% interest, which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account after 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar) a. $25,194...
4. It you invest $50,000 to earn 8 % interest , which of the following compounding approaches would return the highest amount after one year? a. Annually b. Quarterly c. Monthly d. Daily 5. Assume ABC Company deposits $20,000 with First National Bank in an account earning interest at 8% per annum, compounded quarterly. How much will ABC have in the account atter 3 years? (Use the factor tables provided at the end. Round answers to the nearest whole dollar.)...
Lucy and Fred want to begin saving for
their baby's college education. They estimate that they will need
$200000 in eighteen years. If they are able to earn 6% per annum,
how much must be deposited at the beginning of each of the next
eighteen years to fund the education?
*Need the process, thanks*
Your answer is correct. Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $200000 in eighteen years....
please show your work
Question 8 1/1 point Barkley Company will receive $400,000 in a future year. If the future receipt is discounted at an interest rate of 8%, its present value is $252,068. In how many years is the $400,000 received? a) 7 years b) 8 years d) 5 years d) 6 years
Exercise 10-2A Determining the present value of a lump-sum future cash receipt LO 10-1 Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $82,000 on his next birthday. However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give Larry the present value of the $82,000 future cash inflow, assuming a 10 percent rate of return. (PV of $1...
Larry mattingly
Exercise 16-2 Determining the present value of a lump-sum future cash receipt LO 16-1 Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $72,000 on his next birthday However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give Larry the present value of the $72,000 future cash inflow, assuming a 10 percent rate of return. (PV...
Assume you have a future liability of $16,000 per year for four years beginning six years from today. You will fund this liability over the next five years, with the first deposit to occur one year from today. If you earn 5% on this account annually, how much will you have to deposit at the end of each of the next five years to fund this liability?
On January 1, 2016, you deposited $6,600 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 4 years? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answers...
What is the future value of $8,650 at the end of 7 periods at
8% compounded interest? (Round factor values to 5
decimal places, e.g. 1.25124 and final answer to 0 decimal places,
e.g. 458,581.)
The future value
$
Click here to view factor tables
What is the present value of $8,650 due 8 periods hence, discounted
at 6%? (Round factor values to 5 decimal places, e.g.
1.25124 and final answer to 0 decimal places, e.g.
458,581.)
The present value...
On January 1, 2016, you deposited $5,700 in a savings account. The account will earn 9 percent annual compound interest, which will be added to the fund balance at the end of each year. Required: 1. What will be the balance in the savings account at the end of 3 years? (Future Value of $1. Present Value of $1. Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answers...