1. | ||
Function | Present value of annuity | |
PV | 300000 | |
n | 4 | |
i | 10% | |
Annual Installment | 94,641 | |
Function | Present value of annuity | |
PV | 300000 | |
n | 5 | |
i | 8% | |
Annual Installment | 75,136 | |
Present value of annuity | ||
PV | 300000 | |
n | 25 | |
i | 10% | |
Annual Installment | 33,050 | |
PVA Factor | 9.08 | |
PV | 300000 | |
n | 3 | |
i | 7% | |
Annual Installment | 114,315 | |
PVA Factor | 2.62 |
please complete all 4 required parts Problem 5-10 (Algo) Solving for unknowns; installment notes (LO5-9) 10...
Problem 5-10 (Algo) Solving for unknowns; installment notes (LO5-9) Lowlife Company defaulted on a $180,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $180,000 by making a series of equal annual payments beginning on December 31, 2022. (FV of $1. PV of $1, FVA of $1. PVA of $1. FVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment...
please complete all 3 required parts to the question. Problem 5-6 (Algo) Solving for unknowns (L05-3,5-9) The following situations should be considered independently. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) 1. John Jamison wants to accumulate $63,968 for a down payment on a small business. He will invest $32,000 today in a bank account paying 8% interest compounded annually. Approximately how...
Lowlife Company defaulted on a $190,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $190,000 by making a series of equal annual payments beginning on December 31, 2022. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment if the bank's interest rate is 10% and four...
Lowlife Company defaulted on a $250,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $250,000 by making a series of equal annual payments beginning on December 31, 2022. Required: Calculate the amount at which Barrett should record the note payable and corresponding merchandise purchased on January 1, 2021. 1. Calculate the required annual payment if the bank's interest rate is 10% and four payments are to be made. 2. Calculate...
Lowlife Company defaulted on a $250,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $250,000 by making a series of equal annual payments beginning on December 31, 2022. Required: Calculate the amount at which Barrett should record the note payable and corresponding merchandise purchased on January 1, 2021 1. Calculate the required annual payment if the bank's interest rate is 10% and four payments are to be made 2. Calculate...
Lowlife Company defaulted on a $190,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $190,000 by making a series of equal annual payments beginning on December 31, 2022. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment if the bank’s interest rate is 10% and four...
Lowlife Company defaulted on a $220,000 loan that was due on December 31, 2021. The bank has agreed to allow Lowlife to repay the $220,000 by making a series of equal annual payments beginning on December 31, 2022. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment if the bank’s interest rate is 10% and four...
Lowlife Company defaulted on a $180,000 loan that was due on December 31, 2018. The bank has agreed to allow Lowlife to repay the $180,000 by making a series of equal annual payments beginning on December 31, 2019. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the required annual payment if the bank’s interest rate is 10% and four...
please complete both required parts of the question Exercise 5-17 (Algo) Price of a bond; interest expense (LO5-9,5-10) On June 30, 2021, Singleton Computers issued 6% stated rate bonds with a face amount of $300 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually (3.0%) on June 30 and December 31, beginning on December 31, 2021. (FV of $1. PV of...
Exercise 5-13 (Algo) Solving for unknowns; annultles (LO5-9) For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i= interest rate, and n=number of years) (FV of $1. PV of $1. FVA of $1, PVA of $i. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar...