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Present and future value tables of $1 at 3% are presented below: FV $1 PV $1 1 1.03000 10.97087 21.06090 10.94260 3 1.09273 0.91514 4
Present and future value tables of $1 at 3% are presented below: FV $1 PV $1 1 1.03000 10.97087 21.06090 10.94260 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6 1.19405 0.83748 7 1.22982 1.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 10 1.34392 0.74409 RE 11 1.38423 0.72242 12 1.42576 0.70138 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 FVA $1 PVA $1 FVAD $1 PVAD $1 1.0000 0.97087 1.0300 1.00000 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 2.91347 4.1836 3.71710 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6.4634 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 | 10.4639 8.01969 11.4639 8.53020 11.8078 8.78611 100 12.8078 9.25262 13.1920 9.53020 14. 1920 9.95400 14.6178 10.25262 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 17.5989 11.63496 18.5989 11.93794 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $160,000 7-years from now. How much must Shane deposit to accomplish his goal? Multiple Choice O $105,779 $112,779 $67,200 O $106,294. Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Payment Decrease in Balance Cash Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783,433 300,000 300,000 300,000 300,000 345,639 347,464 349,363 45,639 47,464 49,363 What is the effective annual rate of interest on the bonds? Multiple Choice O 8%. of the following which typically would not be classified as a current liability? Multiple Choice Estimated liability from cash rebate program. O A six-month bank loan to be paid with the proceeds from the sale of common stock. d A long-term note payable maturing within the coming year. Rent revenue received in advance
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