Seanna OBrien receives pension payments of $3200 at the end of every six months from a retirement
Question:
(a) How many payments will Seanna receive?
(b) What is the size of the final pension payment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
a END mode PY 2 CY 2 7 IY 50 000 PV 3200 PMT 0 FV CPT ...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
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
A debt of $25 000 is repaid by payments of $3500 made at the end of every six months. Interest is 11% compounded semi-annually. (a) How many payments are needed to repay the debt? (b) What is the...
-
David Jones has paid $16 000 for a retirement annuity from which he will receive $1375 at the end of every 3 months. The payments are deferred for 10 years and interest is 10% compounded quarterly....
-
The Cowichan Regional District borrowed $500,000 through the Provincial Finance Authority to purchase fire-fighting equipment. At the end of every six months, the regional district must make a...
-
On average, do people prefer a... 6 game package with 300-level, mid-court seats and a $20 gift certificate for $35/seat or a 3 game package with 300-level, corner seats that come with a hotdog and...
-
Let X represent a binomial random variable with n = 150 and p = 0.36. Find the following probabilities. a. P(X 50) b. P(X = 40) c. P(X > 60) d. P(X 55)
-
1-Based on the data from the case use the frameworks from the chapter and analyse the resources and capabilities of Rocket Internet: a. What are its resources and capabilities? b. What are its...
-
In the U.S. the Federal Bureau of Investigation (FBI) uses a Uniform Crime Reporting (UCR) system to track violent crimes (like murder) and property crimes (such as theft of motor vehicles or...
-
Balanced scorecard and strategy. Music Master Company manufactures an MP3 player called the Mini. The company sells the player to discount stores throughout the country. This player is significantly...
-
An investment will pay $20,800 at the end of the first year, $30,800 at the end of the second year, and $50,800 at the end of the third year. (FV of $1. PV of $1. EVA of $1, and PVA of $1) (Use the...
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
1. Calculate the monthly payments required to pay off a $250 000 mortgages, assuming the amortization period is 25 years and the interest rate is 5.5% compounded semi-annually. 2. What is the balance...
-
A loan of $35 000 is repaid by payments of $925 at the end of every month. Interest is 12% compounded monthly. (a) How many payments are required to repay the debt? (b) What is the size of the final...
-
Use the closeness ratings given after the activity (CloseAfter) to estimate the difference in mean rating of closeness between those who have just done a synchronized activity and those who do a...
-
Sean had been a bus driver for six years when, rather suddenly, he began having serious back and knee pain in April 2008. After seeing his doctor, he filed a claim for WSIB benefits because he...
-
Stanley Company installs granite countertops in customers' homes. First, the customer chooses the particular granite slab, and then Stanley measures the countertop area at the customer's home, cuts...
-
How were the identities of the cations in the Unknown test tube confirmed? Explain your process using terms from the associated Flowcharts. General cation solution after Observation Observation...
-
M . Represents the value of M K: Represents the value of Kh get answer in java programming languages Create rectangles Given a rectangle with dimensions N'M and an integer K. You divide this...
-
Assume the following information: Direct materials $ 70,000 Direct labor $ 46,000 Variable manufacturing overhead $ 10,000 Fixed manufacturing overhead 25,000 Total manufacturing overhead $...
-
Use the photo to copy and complete the statement. Explain. LBCA ?
-
The water in tank A is at 270 F with quality of 10% and mass 1 lbm. It is connected to a piston/cylinder holding constant pressure of 40 psia initially with 1 lbm water at 700 F. The valve is opened,...
-
In problem, use the four - step process to find f(x) and then find f(1), f(2), and f(3). f(x) = -2x3 + 5
-
In Problem, find the indicated quantity for y = f(x) = 5 - x2 and interpret that quantity in terms of the following graph. (A) (B) (C) 1) -2) f-2+ h-2) h--0
-
In problem, use the four - step process to find f(x) and then find f(1), f(2), and f(3). f(x) = 6/x - 2
-
Use the australian accounting standard. On 1 July 2022, Surf Ltd leases a semi-trailer truck from Superior Ltd. The truck will be used to move spare parts between Surf's various warehouses. The...
-
In addition to the Transaction/events that have occurred during the year, the CEO would like you to provide some accounting advice on some proposed future expenditure. Specifically, Surf Ltd is...
-
A rise with a sharp fall at the end of an utterance is found in: a. statements b. yes/no questions c. exclamations d. wh-questions e. incomplete thoughts
Study smarter with the SolutionInn App