FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the present value of an ordinary annuly that pays $7,000 per year for 15 years at 12% Present value of ordinary annuity of 513

image text in transcribed
Compute the present value of an ordinary annuly that pays $7,000 per year for 15 years at 12% Present value of ordinary annuity of 513 7 896 10% 12% 11 7.499 7.139 6.805 6.495 5938 12 7.943 7.536 7.161 6.814 6.194 138.358 7.904 7.487 7.103 6.424 148.745 8244 7.750 7 367 5.628 159.100 8559 8.051 7.606 6811 A $45,144 OB 543,517 OC. $46,837 OD $47,677

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A One-Year Accounting Course Part 2

A One-Year Accounting Course Part 2

Authors: Trevor Gambling

1st Edition

0080130267, 9780080130262

More Books

Students also viewed these Accounting questions

Question

★★★★★
You have been hired as trustee for the testamentary trust created by the will of Jimmy Olson. The trust is created on July 22, 2013. The trust initially invests the proceeds from the estate in a...

Answered: 1 week ago

Question

★★★★★
Hum Corp. has accounts receivable of $ 460,000. The company transfers these accounts receivable to a financial institution. There are no bad debts associated with these accounts receivable. Proceeds...

Answered: 1 week ago

Question

★★★★★
How do certain genetic conditions affect motor control?

Answered: 1 week ago

Question

★★★★★
Bryan and Cody each contributed $120,000 to the newly formed BC Partnership in exchange for a 50% interest. The partnership used the available funds to acquire equipment costing $200,000 and to fund...

Answered: 1 week ago

Question

★★★★★
if you want to triple your money at an interest rate of 8 percent per year compounded annually, how many years would you have to leave the money in the account?

Answered: 1 week ago

Question

★★★★★
Should Smith receive the Job offer. Why or why not? Case: Marita Smith works as a data entry clerk in a government department that is undergoing downsizing. Smith, who is severely hearing impaired,...

Answered: 1 week ago

Question

★★★★★
All fill in the blank choices 1. lower / greater 2. multiple choice question 3&4. the deductibility of (interest / dividends) which creates a tax shield--favors the use of (debt / equity) financing...

Answered: 1 week ago

Question

★★★★★
Fresh Groceries is a chain of supermarkets in Victoria, Australia. The vision of this company is to cater for the various groceries, fresh produce, and deli needs of the Victorian population. To do...

Answered: 1 week ago

Question

★★★★★
FashionValet, a homegrown ecommerce platform in Malaysia, recently caused a stir with the announcement that it will be shutting down. The statement on its website read: "As they say, all good things...

Answered: 1 week ago

Question

★★★★★
1. What is the one-year real rate of return (in %) if you invested in a diversified portfolio of common stocks which produced a 11.45 % nominal return and the rate of inflation for the year was...

Answered: 1 week ago

Question

★★★★★
ZENNY 40 mm (d) Calculate the power of the given gearset 80 mm Normal module m = 3mm Normal pressure angle n = 20 Helix angle Y = 25 Face width (2/3) b = 45mm Number of teeth N = 20 3 = 36 Quality...

Answered: 1 week ago

Question

★★★★★
Argyle Industrial has the following information for last year. Feet of metal input Labor hours Tons of output produced What is the partial productivity for metal? 235,000 24,000 15,000

Answered: 1 week ago

Question

★★★★★
Using Feldmans three-stage model of organizational socialization, how would you describe the way you were socialized into an organization where you have worked? How well does the model fit your...

Answered: 1 week ago

Question

★★★★★
What are the differences between organizational roles and group norms? How are they similar?

Answered: 1 week ago

Question

★★★★★
Define hazing and describe how it can be prevented. In your opinion, should hazing ever play a role in socialization? Defend your answer.

Answered: 1 week ago

Previous Question Next Question