Shamrock Corporation wants to withdraw $110,360 (including principal) from an investment fund at the end of...
Shamrock Corporation wants to withdraw $110,360 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Required initial investment $enter the required initial investment in dollars
Homework Answers
The initial investment amount is calculated using the PV function:-
=PV(rate,nper,pmt)
=PV(11%,9,110360)
=611069
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Shamrock Corporation wants to withdraw $110,360 (including principal) from an investment fund at the end of...
x Your answer is incorrect. Try again. na Corporation wants to withdraw $111,440 (including principal from...
x Your answer is incorrect. Try again. na Corporation wants to withdraw $111,440 (including principal from an investment fund at the end of each year for 9 years. What should be the required initial vestment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal laces, e.g. 458,581.) equired initial investment 616968 lick if you would like to Show Work for this question:...
* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31,...
* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Pina should pay $21,610 at the time of purchase and $4,790 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
Sally Monroe wants to create a fund today that will enable her to withdraw $28,800 per...
Sally Monroe wants to create a fund today that will enable her to withdraw $28,800 per year for 6 years, with the first withdrawal to take place 4 years from today. Click here to view factor tables If the fund earns 8% interest, how much must Sally invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount $
Al Darby wants to withdraw $22500 (including principal) from an investment fund at the end of...
Al Darby wants to withdraw $22500 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 12% compounded annually? O $22500 times the present value of a 5-year, 12% ordinary annuity of 1. $22500 divided by the future value of a 5 year, 12% ordinary annuity of 1. $22500 divided by the present value of a...
6-14 Serena Monroe wants to create a fund today that will enable her to withdraw $34,500...
6-14 Serena Monroe wants to create a fund today that will enable her to withdraw $34,500 per year for 7 years, with the first withdrawal to take place 4 years from today. Click here to view factor tables If the fund earns 12% interest, how much must Serena invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment amount $
Adams Quincy wants to withdraw $31,300 each year for 12 years from a fund that earns...
Adams Quincy wants to withdraw $31,300 each year for 12 years from a fund that earns 6% interest. How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end enter a dollar amount rounded to 0 decimal places First withdrawal immediately enter a...
ulia Monroe wants to create a fund today that will enable her to withdraw $35,100 per...
ulia Monroe wants to create a fund today that will enable her to withdraw $35,100 per year for 7 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables If the fund earns 15% interest, how much must Julia invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
On January 1, 2020, Bramble Corporation sold a building that cost $274.380 and that had accumulated...
On January 1, 2020, Bramble Corporation sold a building that cost $274.380 and that had accumulated depreciation of $105,010 on the date of sale. Bramble received as consideration a $264,380 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had na ready market. The prevailing rate of interest for a note of this type on January 1, 2020 was 12%. At what amount should the gain from the sale of...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and Final answers to o decimal places, e.g.458,581.) First withdrawal at year-end First withdrawal immediately LINK TO TEXT
Shamrock Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,880 at the end of...
Shamrock Corporation bought a new machine and agreed to pay for it in equal annual installments of $4,880 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Shamrock record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Cost of the machine to be recorded $enter cost of the...
x Your answer is incorrect. Try again. na Corporation wants to withdraw $111,440 (including principal from an investment fund at the end of each year for 9 years. What should be the required initial vestment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal laces, e.g. 458,581.) equired initial investment 616968 lick if you would like to Show Work for this question:...
* Your answer is incorrect. Try again. Pina Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Pina should pay $21,610 at the time of purchase and $4,790 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.)...
Al Darby wants to withdraw $22500 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 12% compounded annually? O $22500 times the present value of a 5-year, 12% ordinary annuity of 1. $22500 divided by the future value of a 5 year, 12% ordinary annuity of 1. $22500 divided by the present value of a...
On January 1, 2020, Bramble Corporation sold a building that cost $274.380 and that had accumulated depreciation of $105,010 on the date of sale. Bramble received as consideration a $264,380 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had na ready market. The prevailing rate of interest for a note of this type on January 1, 2020 was 12%. At what amount should the gain from the sale of...
Brief Exercise 6-10 Alan Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and Final answers to o decimal places, e.g.458,581.) First withdrawal at year-end First withdrawal immediately LINK TO TEXT
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