Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 26. $100
Question:
Find the present value of the ordinary annuities in Problems 21-32.
Transcribed Image Text:
Amount of Deposit m 26. $100 Frequency n monthly Rate r 4% Time t 5 yr
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
To find the present value of an ordinary annuity we can use the present value formula for annuities ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
Doing business is all about balancing the negative & positive impacts of stakeholders and proceeding ahead for the achievement of business goals. Explain the impacts of stakeholders on the business...
-
Find the present value of the following ordinary annuities (see the Notes to Problem 4-12). a. $400 per year for 10 years at 10% b. $200 per year for 5 years at 5% c. $400 per year for 5 years at 0%...
-
Today is the 1st of July 2022. You have been brought in to manage the expansion of a company's debt portfolio. The A company, operates a number of tunnels and bridges in the city area. They are...
-
print_list Favorite Language/Type: Author: Write a function named print_list that accepts a list of integers as a parameter and prints them, one per line, in the format shown. Your code should work...
-
Calculate the efficiency of a cycle consisting of isothermal, isobaric, and isochoric lines, if in the isothermal process the volume of the ideal gas with the adiabatic exponent (a) Increases n-fold;...
-
What advantages do sites like Dropbox and box.net have over e-mail as a way of sharing and collaborating on creating documents?
-
What tasks must be performed if a party files an appeal?
-
Wallace Corporation summarizes the following information from its weekly payroll records during April. Prepare the two journal entries to record the payment of the payroll and the accrual of its...
-
(1.) The Taylor Radio Company manufactures and sells ultrasonic radios at P650 each. The variable manufacturing costs per unit are: direct materials = P200, direct labor = P150, FOH = P50, and...
-
Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 27. $200 Frequency n quarterly Rate r 8% Time t 20 yr
-
Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 25. $300 Frequency n quarterly Rate r 6% Time t 30 yr
-
Presented below are selected account balances for Kirby Co. as of December 31, 2014. Instructions Prepare closing entries for Kirby Co. on December 31,2014. Merchandise Inventory 12/31/14 Common...
-
Discuss the business benefits of adopting the relational database model within an organization. How does a relational model create or enhance business value? Are there any limitations to using a...
-
Choose any THREE Xero reports (i.e. not limited to those you submit) and explain how at least TWO different users can make use of the information derived from these reports. Include clear examples of...
-
Hardware Store sent mailers around town that said, "This Saturday only, riding lawn mowers starting at $400." Buyer arrived at Hardware Store early on Saturday morning and told the manager, "Here is...
-
Pricing Problem Review (For Marketing) 1. Assume you are the owner of ABC Fitness and you are going to use cost-plus pricing to determine membership fees for your next fiscal year. You carefully...
-
Landlord and Tenant entered into a three-year written lease for office space at $1,000 per month. The lease provides that "if Tenant vacates the premises early, then Tenant shall be liable for the...
-
The comparative balance sheets of Madrasah Corporation at the beginning and end of the year 2014 appear below. Net income of $44,000 was reported, and dividends of $33,000 were paid in 2014. New...
-
Suppose a population of bacteria doubles every hour, but that 1.0 x 106 individuals are removed before reproduction to be converted into valuable biological by-products. Suppose the population begins...
-
Kepler modified the copernican system by showing that the planetary orbits are a. Ellipses b. Circles c. Combinations of circles forming looped orbits d. The same distance apart from one another
-
What is the basic difference between the ptolemaic and copernican models? Why is the ptolemaic model considered incorrect?
-
According to Keplers third law, the time needed for a planet to complete an orbit around the sun a. Is the same for all the planets b. Depends on the planets size c. Depends on the planets distance...
-
If you were a consultant and advising a healthcare practice, list three things you would recommend they do when setting up its appointment scheduling for the first time. With each point, also explain...
-
8 You have an opportunity to make an investment that will pay $100 at the end of the first year, $500 at the end of the second year, $200 at the end of the third year, $300 at the end of the fourth...
-
Officer Mitchell met with a confidential informant on June 16. She then prepared the following affidavit and, on June 19, presented it to a magistrate: "I have been a member of the Police Department...
Study smarter with the SolutionInn App