Your goal is to be able to withdraw $4,100 for each of the next nine years...
Your goal is to be able to withdraw $4,100 for each of the next nine years beginning one year from today. The return on the investment is expected to be 11%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)
$36,900.
$39,096.
$30,742.
$22,702
Homework Answers
Factor using annuity formula =1*((1-(1+11%)^-9)/11%)
=5.53705
PV of amount invested =PMT*PV of factor =4100*5.53705 =22701.91 or
22702
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Your goal is to be able to withdraw $4,100 for each of the next
nine years...
Your goal is to be able to withdraw $4,500 for each of the next ten years...
Your goal is to be able to withdraw $4,500 for each of the next ten years beginning one year from today. The return on the investment is expected to be 12%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) $33,466. $45,000. $41,820. $25,426.
Your goal is to be able to withdraw $12,000 for each of the next seven years...
Your goal is to be able to withdraw $12,000 for each of the next seven years beginning one year from today and also to withdraw $40,000 ten years from today. The return on the investment is expected to be 6%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) $89,325. $71,564. $125,463. $66,989.
Your goal is to be able to withdraw $4,900 for each of the next six years...
Your goal is to be able to withdraw $4,900 for each of the next six years beginning one year from today. The return on the investment is expected to be 10%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) O $29,381 O $29,400 O $21,341 O $37,735
ACCT 2301 1. Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from to...
ACCT 2301 1. Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and also to withdraw $50,000 ten years from today. The return on the investment is expected to be 696. What's the amount that needs to be invested today? (2 points) 2. Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. Apr. 1 Borrowed $700,000 from Summit Bank for general...
What is the value today of receiving $5,000 at the end of each year for the next 10 years, assuming an interest rate of...
What is the value today of receiving $5,000 at the end of each year for the next 10 years, assuming an interest rate of 12% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $28,251. $15,529. $50,000. $87,744.
Short Company purchased land by paying $24,000 cash on the purchase date and agreed to pay...
Short Company purchased land by paying $24,000 cash on the purchase date and agreed to pay $24,000 for each of the next nine years beginning one-year from the purchase date. Short's incremental borrowing rate is 12%. The land reported on the balance sheet is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) $216,000. $77,892. $240,000. $151,878.
A company is considering investing in a new machine that requires a cash payment of $43,158 today. The machine will gene...
A company is considering investing in a new machine that
requires a cash payment of $43,158 today. The machine will generate
annual cash flows of $17,050 for the next three years.
What is the internal rate of return if the company buys this
machine? (PV of $1, FV of $1, PVA of $1, and FVA of $1)
(Use appropriate factor(s) from the tables
provided.)
Amount Invested Present Value Annual Net Cash Flow = Factor Amount Invested Annual Net Cash Flow...
If you had an investment opportunity that promises to pay you $29,000 in four years and...
If you had an investment opportunity that promises to pay you $29,000 in four years and you could earn a 8% annual return investing your money elsewhere What is the most you should be willing to invest today in this opportunity? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided. Round final answer to the nearest whole dollar.)
How much will $5,000 invested at the end of each year grow to in six years,...
How much will $5,000 invested at the end of each year grow to in six years, assuming an interest rate of 7% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $26,813. $7,504. $23,833. $35,766.
How much will $5,000 invested at the end of each year grow to in six years,...
How much will $5,000 invested at the end of each year grow to in six years, assuming an interest rate of 7% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $26,813. $7,504. $23,833. $35,766.
Your goal is to be able to withdraw $4,900 for each of the next six years beginning one year from today. The return on the investment is expected to be 10%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) O $29,381 O $29,400 O $21,341 O $37,735
ACCT 2301 1. Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and also to withdraw $50,000 ten years from today. The return on the investment is expected to be 696. What's the amount that needs to be invested today? (2 points) 2. Vigeland Company completed the following transactions during Year 1. Vigeland's fiscal year ends on December 31. Apr. 1 Borrowed $700,000 from Summit Bank for general...
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requires a cash payment of $43,158 today. The machine will generate
annual cash flows of $17,050 for the next three years.
What is the internal rate of return if the company buys this
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(Use appropriate factor(s) from the tables
provided.)
Amount Invested Present Value Annual Net Cash Flow = Factor Amount Invested Annual Net Cash Flow...
If you had an investment opportunity that promises to pay you $29,000 in four years and you could earn a 8% annual return investing your money elsewhere What is the most you should be willing to invest today in this opportunity? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided. Round final answer to the nearest whole dollar.)
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