Ricardo's printing press acquired a printer that will pay $126.50 per month during 3 years with...
Ricardo's printing press acquired a printer that will pay $126.50 per month during 3 years with a financing rate of 2.75% annually. If he had decided to buy it in cash, how much did it cost him?
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Ricardo's printing press acquired a printer that will pay
$126.50 per month during 3 years with...
need help understanding how we got to this answer thanks :) The Precise Printing Corporation is contemplating the acquisition of a state of the art printing press. The following information is releva...
need help understanding how we got to this answer
thanks :)
The Precise Printing Corporation is contemplating the acquisition of a state of the art printing press. The following information is relevant: The cost of the printing press is $180,000 The anticipated revenue from the printing press is $120,000 per year. The useful life of the Annual operating costs are expected to be: is 12 years. $40,000 10,000 4,600 6,400 12,000 16% Salaries Utilities Power usage Supplies Repairs/maintenance Discount rate...
QUESTION 1 The Lincoln’s are considering an investment that is expected to pay $750 per month...
QUESTION 1 The Lincoln’s are considering an investment that is expected to pay $750 per month for the next 10 years. If their required rate of return is 9.5 percent, how much is this investment worth to them today? $7,184 $57,961 $7,895 $1,932 QUESTION 2 Jefferson owns an investment that will pay $6,500 per year forever into the future. If his discount rate is 21 percent, how much is this investment worth to him today? $30,952 $310 $26,351 $136,500...
1. You can buy a contract which will pay $ 10,000 per year for 3 years...
1. You can buy a contract which will pay $ 10,000 per year for 3 years for $26,500. If investments of similar risk return 8% per annum, compounded annually, should you buy the contract? 2. How much do you need to deposit TODAY into an account which earn 8% ANNUAL interest compounded Quarterly so that you will have $ 50,000 in the account seven years from now? 3. What ANNUAL rate of return did an investment pay if a $...
1. A) B) The Mellows have decided to invest in a college fund for their young...
1.
A)
B)
The Mellows have decided to invest in a college fund for their young son. They invested $20,000 in a deferred annuity that will pay their son at the beginning of every month for 4 years, while he goes to college. If the account earns 3.00% compounded monthly and the annuity payments are deferred for 14 years, what will be the size of the monthly payments? Round to the nearest cent Juan purchased an annuity that had an...
Question 2 of 7 Andrew purchased an annuity that had an interest rate of 3.00% compounded...
Question 2 of 7 Andrew purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided him with payments of $3,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it? Round to the nearest cent Next Question
A man decides to pay $250 per month at 5%/a compounded monthly to pay off a...
A man decides to pay $250 per month at 5%/a compounded monthly to pay off a $25 000 loan. After 2 years, he is making a bit more money and decides to increase the monthly payment. If he pays $50 extra per month at the end of each 2-year period, how long will it take him to pay off the loan?
Bridgette wants to retire 36 years from now. She decides to start saving $400 each month...
Bridgette wants to retire 36 years from now. She decides to start saving $400 each month into a Roth IRA starting at the end of this month. If the IRA is expected to earn an average return of 9% annually, how much will she have in the account at the end of 36 years? Round to two decimal places 5. 6. Durran has recently acquired a rare art piece that he plans to put on display in his private collection....
A property was purchased for $9330.00 down and payments of $1373.00 at the end of every month for 3 years. Interest is 1...
A property was purchased for $9330.00 down and payments of $1373.00 at the end of every month for 3 years. Interest is 11% per annum compounded annually. What was the purchase price of the property? How much is the cost of financing? The purchase price of the property was $____? The cost of financing is $______? pleaseeee help !! !!!! ¡¡¡
On January 1, Kirk Corporation had total assets of $425,000. During the month, the following activities...
On January 1, Kirk Corporation had total assets of $425,000. During the month, the following activities occurred: • Kirk Corporation acquired equipment costing $3,000, promising to pay cash for it in 60 days. • Kirk Corporation purchased $1.750 of supplies for cash. • Kirk Corporation sold land, which it had acquired 2 years ago. The land had cost $7,500 and it was sold for $7,500 cash. Kirk Corporation signed an agreement to rent additional storage space next month at a...
Suppose Jake is hired as a manager for Kinkos printing shop. Jake has to make a...
Suppose Jake is hired as a manager for Kinkos printing shop. Jake has to make a managerial decision involving if he should consider either buying equipment – a used colored offset press. The price of the used colored offset press is $1,000,000. Transporting and installing the press costs another $1,500,000 and will take a year to accomplish. However, once installed, the press will create an estimated additional operating profit of $400,000 per year for eight years, and the salvage value...
need help understanding how we got to this answer
thanks :)
The Precise Printing Corporation is contemplating the acquisition of a state of the art printing press. The following information is relevant: The cost of the printing press is $180,000 The anticipated revenue from the printing press is $120,000 per year. The useful life of the Annual operating costs are expected to be: is 12 years. $40,000 10,000 4,600 6,400 12,000 16% Salaries Utilities Power usage Supplies Repairs/maintenance Discount rate...
1.
A)
B)
The Mellows have decided to invest in a college fund for their young son. They invested $20,000 in a deferred annuity that will pay their son at the beginning of every month for 4 years, while he goes to college. If the account earns 3.00% compounded monthly and the annuity payments are deferred for 14 years, what will be the size of the monthly payments? Round to the nearest cent Juan purchased an annuity that had an...
Question 2 of 7 Andrew purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided him with payments of $3,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it? Round to the nearest cent Next Question
A man decides to pay $250 per month at 5%/a compounded monthly to pay off a $25 000 loan. After 2 years, he is making a bit more money and decides to increase the monthly payment. If he pays $50 extra per month at the end of each 2-year period, how long will it take him to pay off the loan?
Bridgette wants to retire 36 years from now. She decides to start saving $400 each month into a Roth IRA starting at the end of this month. If the IRA is expected to earn an average return of 9% annually, how much will she have in the account at the end of 36 years? Round to two decimal places 5. 6. Durran has recently acquired a rare art piece that he plans to put on display in his private collection....
On January 1, Kirk Corporation had total assets of $425,000. During the month, the following activities occurred: • Kirk Corporation acquired equipment costing $3,000, promising to pay cash for it in 60 days. • Kirk Corporation purchased $1.750 of supplies for cash. • Kirk Corporation sold land, which it had acquired 2 years ago. The land had cost $7,500 and it was sold for $7,500 cash. Kirk Corporation signed an agreement to rent additional storage space next month at a...
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