On January 1, 2019, Hunter Company adopted a plan to accumulate P5,000,000 by January 1, 2024 Hunter plans to make 5 equal annual deposits that will earn interest at 9 compounded annually Hunter made the first deposit on January 1, 2019 The future value of ordinary annuity of 1 at 9 for 5 periods is 5 98, and the future value of annuity due of 1 at 9 for 5 periods is 6 52 What amount must be deposited annually at the compound interest to accumulate the desired amount of P5,000,000 On January 1, 2019, Hunter Company adopted a plan to accumulate P5,000,000 by January 1, 2024 Hunter plans to make 5 equal annual deposits that will earn interest at 9 compounded annually Hunter made the first deposit on January 1, 2019 The future value of ordinary annuity of 1 at 9 for 5 periods is 5 98, and the future value of annuity due of 1 at 9 for 5 periods is 6 52 What amount must be deposited annually at the compound interest to accumulate the desired amount of P5,000,000 On January 15, 2018, Elgin Corp adopted a plan to accumulate funds for environmental improvements beginning July 1, 2022, at an estimated cost of P1,500,000 Elgin plans to make four equal annual deposits in a fund that will earn interest at 10 compounded annually The first deposit was made on July 1, 2018 Elgin should make four annual deposits (rounded) of On December 30, 2020, Dye, Inc purchased a machine from Frank Corp in exchange for a noninterest bearing note requiring eight payments of P20,000 The first payment was made on December 30, 2020, and the others are due annually on December 30 At date of issuance, the prevailing rate of interest for this type of note was 11 On Dye's December 31, 2020 balance sheet, the net note payable to Frank is On January 1, 2020, Marx Co sold goods to Cox Company Cox signed a noninterest bearing note requiring payment of P30,000 annually for seven years The first payment was made on January 1, 2020 The prevailing rate of interest for this type of note at date of issuance was 10 Marx should record sales revenue in January 2020 of (rounded)

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On January 1, 2019, Hunter Company adopted a plan to accumulate P5,000,000 by January 1, 2024. Hunter plans to make 5 equal annual deposits that

On January 1, 2019, Hunter Company adopted a plan to accumulate P5,000,000 by January 1, 2024. Hunter plans to make 5 equal annual deposits that will earn interest at 9% compounded annually. Hunter made the first deposit on January 1, 2019. The future value of ordinary annuity of 1 at 9% for 5 periods is 5.98, and the future value of annuity due of 1 at 9% for 5 periods is 6.52. What amount must be deposited annually at the compound interest to accumulate the desired amount of P5,000,000?
On January 1, 2019, Hunter Company adopted a plan to accumulate P5,000,000 by January 1, 2024. Hunter plans to make 5 equal annual deposits that will earn interest at 9% compounded annually. Hunter made the first deposit on January 1, 2019. The future value of ordinary annuity of 1 at 9% for 5 periods is 5.98, and the future value of annuity due of 1 at 9% for 5 periods is 6.52. What amount must be deposited annually at the compound interest to accumulate the desired amount of P5,000,000?
On January 15, 2018, Elgin Corp. adopted a plan to accumulate funds for environmental improvements beginning July 1, 2022, at an estimated cost of P1,500,000. Elgin plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually. The first deposit was made on July 1, 2018. Elgin should make four annual deposits (rounded) of
On December 30, 2020, Dye, Inc. purchased a machine from Frank Corp. in exchange for a noninterest-bearing note requiring eight payments of P20,000. The first payment was made on December 30, 2020, and the others are due annually on December 30. At date of issuance, the prevailing rate of interest for this type of note was 11%. On Dye's December 31, 2020 balance sheet, the net note payable to Frank is
On January 1, 2020, Marx Co. sold goods to Cox Company. Cox signed a noninterest-bearing note requiring payment of P30,000 annually for seven years. The first payment was made on January 1, 2020. The prevailing rate of interest for this type of note at date of issuance was 10%. Marx should record sales revenue in January 2020 of (rounded)