Assume the same situation as in Question 11, except that the four equal amounts are deposited at
Question:
Assume the same situation as in Question 11, except that the four equal amounts are deposited at the beginning of the period rather than at the end. In this case, what amount must be deposited at the beginning of each period? (Round to two decimals)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
160000 future value of an a...View the full answer
Answered By
ZIPPORAH KISIO LUNGI
I have worked on several other sites for more than five years, and I always handle clients work with due diligence and professionalism. Am versed with adequate experience in the fields mentioned above in which have delivered quality papers in research, thesis, essays, blog articles, and so forth.
I have gained extensive experience in assisting students to acquire top grades in biological, business and IT papers. Notwithstanding that, I have 7+ years of experience in corporate world software design and development.
5.00+
194+ Reviews
341+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
What amount must be invested today to provide for quarterly payments of $2500 at the end of every quarter for 15 years after a six-year deferral period? Assume that the funds will earn 5% compounded...
-
To accumulate $200,000 after 20 years, what amount must be invested each year if the investment earns 9% compounded annually and the contributions are made: a. At the beginning of each year? b. At...
-
What amount must be remitted if invoices dated July 25 for $929, August 10 for $763, and August 29 for $864, all with terms 3/20, n/40, are paid together on August 30?
-
The value of integral integration from - infinity to infinity dx/1+x^4
-
According to an article in the Wall Street Journal, in late 2014, the Japanese economy experienced a large increase in business inventories. The article noted, "The large buildup of inventories is a...
-
Sage Inc. bought 40% of Adams Corporations outstanding common stock on January 2, 2014, for $400,000. The carrying amount of Adamss net assets at the purchase date totaled $900,000. Fair values and...
-
Tabasco pepper sauce is a product that has entered the maturity stage of the product life cycle. Name products that would fit into each of the four stages (introduction, growth, maturity, and...
-
Document for Analysis: Poorly Written E-Mail Message The following message suffers from a number of weaknesses discussed in this chapter. Your Task. Study the message and analyze its weaknesses. In...
-
+ 4.Describe in proper order the transformations you would apply to the graph graph of your parabola. STANDARD FORM TO VERTEX FORM 5. Use your graph in demos to list the a and c values of your...
-
1. Based on the frameworks introduced in this chapter, what kind of strategy is Anglada following in his new venture? 2. Identify the strengths upon which this business is built. Do you see any...
-
The Lock horns are planning for a retirement home. They estimate they will need $160,000, 4 years from now to purchase this home. Assuming an interest rate of 10%, what amount must be deposited at...
-
Explain how the future value of an ordinary annuity interest table is converted to the future value of an annuity due interest table.
-
Which of the following must be prepared for Agency Funds as part of a governments Basic Financial Statements? a. Statement of changes in net assets. b. Statement of revenues, expenditures, and...
-
On January 1 , a company had these assets, liabilities, and equity: Cash $ 1 0 0 Inventory 1 4 0 Accounts Payable 7 0 Paid - In Capital 1 5 0 Retained Earnings 2 0 During the year, the company...
-
ABC company has accounts payable of 3 0 , 0 0 0 , long term debt of 2 5 , 0 0 0 , common stock with a value of 5 0 , 0 0 0 , sales in the amount of 1 0 0 , 0 0 0 , cash in the amount of 4 0 , 0 0 0...
-
A news caster earns $27,800 and wants to invest 10% of his/her monthly salary to save for retirement in 22 years. If he/she invests this money at 5.9% compounded monthly, how much money will he/she...
-
Ashley Speer Sunglasses sell for about $157 per pair. Suppose that the company incurs the following average costs per pair: (Click the icon to view the cost information.) Ashley Speer has enough idle...
-
How do environmental gradients and biotic interactions shape species distributions and community assembly processes, and what are the implications of these patterns for ecosystem resilience and...
-
The shape of the probability distribution of error that an internal control system could produce is important because it indicates the: a. Risk auditors face when they make a decision about the...
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
Super Software Ltd is a client of FFF Partners. Super Softwares bank has asked it for an audited financial report for the six months ended 31 December 2016. The banks request is made in December...
-
On March 1, 2014, Parnevik Company sold goods to Goosen Inc. for $660,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937. The goods have an inventory cost on...
-
Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the agreement, Zagat also agrees to repurchase the ingots in 60 days at the...
-
On May 3, 2014, Eisler Company consigned 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amounted to $840 and was paid by Eisler Company. On December 30, 2014, a...
-
What is a good way to improve efficiency and accuracy in the registration process? a. Email audit results to staff members with instructions to improve. Training takes up too much time. b. Scan a...
-
Should Burton pursue both the thermowell machine purchase and the EE acquisition? Why or why not
-
The work sheet: multiple choice eliminates any need for an audit of the financial statements. is often made available to external decision makers. aids in the preparation of financial statements....
Study smarter with the SolutionInn App