Having trouble trying to figure out how to solve these two, thanks
Homework Answers
| G-3 | |
| Amount of Security Deposit | 9200 |
| X Future value of 1 factor | 1.62889 |
| Amount at the time the lease expires | 14985.79 |
| G-4 | |
| Amount of annuity | 72900 |
| X Future value of Annuity of 1 factor | 21.01507 |
| Amount in the Sinking fund | 1531998.60 |
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Having trouble trying to figure out how to solve these two,
thanks
Brief Exercise G-3 Crane...
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...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 11-year bonds and agreed to make annual sinking fund...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 11-year bonds and agreed to make annual sinking fund deposits of $75,300. The deposits are made at the end of each year into an account paying 9% annual interest cick here to view the factor table Future Value 1 Cick here to the factor table Future Value of an Annuity of 1 (For calculation purposes, se decimal places as displayed in the factor table provided.) What amount will be in the sinking fund...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 11-year bonds and agreed to make annual sinking fund...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 11-year bonds and agreed to make annual sinking fund deposits of $75,300. The deposits are made at the end of each year into an account paying 9% annual interest cick here to view the factor table Future Value 1 Cick here to the factor table Future Value of an Annuity of 1 (For calculation purposes, se decimal places as displayed in the factor table provided.) What amount will be in the sinking fund...
Brief Exercise G-3 Liam Company signed a lease for an office building for a period of...
Brief Exercise G-3 Liam Company signed a lease for an office building for a period of 9 years. Under the lease agreement, a security deposit of $8,700 is made. The deposit will be returned at the expiration of the lease with interest compounded at 10% per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Liam receive at the time the lease expires? (Round...
Brief Exercise G-04 Carta Vista Cosed $1.060,000, 15-year bonds. It agreed to make annual deposits of...
Brief Exercise G-04 Carta Vista Cosed $1.060,000, 15-year bonds. It agreed to make annual deposits of $84,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 15 years. The deposits are made at the end of each year into an account paying 4% annual interest Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table...
Brief Exercise A-3 Liam Company signed a lease for an office building for a period of...
Brief Exercise A-3 Liam Company signed a lease for an office building for a period of 9 years. Under the lease agreement, a security deposit of $8,100 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. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Liam receive at the time the lease expires? (Round...
Brief Exercise G-5 Andrew and Emma Garfield invested $7,900 in a savings account paying 4% annual...
Brief Exercise G-5 Andrew and Emma Garfield invested $7,900 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,200 on each of her birthdays until she was 17 (including her 17th birthday). 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, use 5 decimal places as displayed in the factor table provided.) How...
Brief Exercise G-10 Crane Company is considering an investment that will return a lump sum of...
Brief Exercise G-10 Crane Company is considering an investment that will return a lump sum of $864,800, 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 Crane Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay Click if you would like to Show Work for this question: Open...
Brief Exercise G-5 Andrew and Emma Garfleld invested $7,600 in a savings account paying 7% annual...
Brief Exercise G-5 Andrew and Emma Garfleld invested $7,600 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,400 on each of her birthdays until she was 14 (including her 14th birthday) Click here to view the factor table Future Value of 1 Click here to view.the factor table Future Value of an Annuity of (For calculation purposes, use S decimal places as displayed in the factor table provided.) How much was...
Brief Exercise A-4 Bates Company issued $1,600,000, 12-year bonds. It agreed to make annual deposits of...
Brief Exercise A-4 Bates Company issued $1,600,000, 12-year bonds. It agreed to make annual deposits of $82,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 12 years. The deposits are made at the end of each year into an account paying 9% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table...
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...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 11-year bonds and agreed to make annual sinking fund deposits of $75,300. The deposits are made at the end of each year into an account paying 9% annual interest cick here to view the factor table Future Value 1 Cick here to the factor table Future Value of an Annuity of 1 (For calculation purposes, se decimal places as displayed in the factor table provided.) What amount will be in the sinking fund...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 11-year bonds and agreed to make annual sinking fund deposits of $75,300. The deposits are made at the end of each year into an account paying 9% annual interest cick here to view the factor table Future Value 1 Cick here to the factor table Future Value of an Annuity of 1 (For calculation purposes, se decimal places as displayed in the factor table provided.) What amount will be in the sinking fund...
Brief Exercise G-3 Liam Company signed a lease for an office building for a period of 9 years. Under the lease agreement, a security deposit of $8,700 is made. The deposit will be returned at the expiration of the lease with interest compounded at 10% per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Liam receive at the time the lease expires? (Round...
Brief Exercise G-04 Carta Vista Cosed $1.060,000, 15-year bonds. It agreed to make annual deposits of $84,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 15 years. The deposits are made at the end of each year into an account paying 4% annual interest Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table...
Brief Exercise A-3 Liam Company signed a lease for an office building for a period of 9 years. Under the lease agreement, a security deposit of $8,100 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. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Liam receive at the time the lease expires? (Round...
Brief Exercise G-5 Andrew and Emma Garfield invested $7,900 in a savings account paying 4% annual interest when their daughter, Angela, was born. They also deposited $1,200 on each of her birthdays until she was 17 (including her 17th birthday). 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, use 5 decimal places as displayed in the factor table provided.) How...
Brief Exercise G-10 Crane Company is considering an investment that will return a lump sum of $864,800, 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 Crane Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay Click if you would like to Show Work for this question: Open...
Brief Exercise G-5 Andrew and Emma Garfleld invested $7,600 in a savings account paying 7% annual interest when their daughter, Angela, was born. They also deposited $1,400 on each of her birthdays until she was 14 (including her 14th birthday) Click here to view the factor table Future Value of 1 Click here to view.the factor table Future Value of an Annuity of (For calculation purposes, use S decimal places as displayed in the factor table provided.) How much was...
Brief Exercise A-4 Bates Company issued $1,600,000, 12-year bonds. It agreed to make annual deposits of $82,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 12 years. The deposits are made at the end of each year into an account paying 9% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table...
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