TO ded Homework Saved Using a present value table, your calculator, or a computer program present value function, answer the following questions: See Table 6.4 and Table 6-5 (Use the appropriate factor by clicking on the appropriate Table links.) Required: a. What is the present value of nine annual cash payments of $3,000, to be paid at the end of each year using an interest rate of 6%? b. What is the present value of $10,000 to be paid at the end of 21 years, using an interest rate of 14%? c. How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 10 years, assuming that the account will earn 12% interest? d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 13 years, assuming that the account will earn 12% interest? e. Assun that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable was signed for the balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Reg A Reg B Regc Reg D Red Ela Reg Elb Reg E2 Rega Reg 3 Red 64b What is the present value of nine annual cash payments of $3,000, to be paid at the end of each year using an interest rate of 6%? (Round your answer to 2 decimal places. (0.9., 32.16)) Beg sing a present value table, your calculator, or a computer program present value function, answer the following questions: See Table 4 and Table 6-5 (Use the appropriate factor by clicking on the appropriate Table links.) equired: - What is the present value of nine annual cash payments of $3,000, to be paid at the end of each year using an interest rate of 6%? - What is the present value of $10,000 to be paid at the end of 21 years, using an interest rate of 14%? - How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 10 years, assuming that the account will earn 12% interest? How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 13 years, assuming that the account will earn 12% interest? Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable was signed for the balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Reg E2 Reg Ba Reg A Reg E3 Reg 540 Req B Reg D Req Elb Reqc Reg Ela What is the present value of $10,000 to be paid at the end of 21 years, using an interest rate of 14% (Round your answer to 2 decimal places. (e.9., 32.16)) Present Value Homepage - ACCT 371-54 Financial Accounting and Analysis Sp21 M Question 10 - Chapter Homework Saved Help Sav WILDL present Value UL PIU VUUw ve palu ature R VI I yedis, Usny die UI 140 How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 10 years, assuming that the account will earn 12% Interest? How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 13 years, assuming that the account will earn 12% interest? Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable was signed for the balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of Interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Reg D Rege Req Ela Reg Elb Reg E3 Reg A Regc Reg E2 Reg E4a Reg 34 Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 49 note payable was signed for the balance. Prepare the ho with + for increases and amounts with for decreases.) income Balance Sheet Liabilities Stockholders' Equity Assets . our answers in the tabs below. Reg A Req B Reqc Req D Req Ela Req E1b Req E2 Req E3 Req E4a R Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable wa balance. Record the journal entry, to show the purchase of the machine as described. (If no entry is required for at select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Saved . a. What is the present value of nine annual cash payments of $3,000, to be paid at the end of each year using an interest rate of 69 b. What is the present value of $10,000 to be paid at the end of 21 years, using an interest rate of 14%? c. How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 10 years, assuming that the account will earn 12% Interest? d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 13 yea assuming that the account will earn 12% Interest? e. Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year, 4% note payable was signed for balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Req A Reqs Reg C Reg D Reg Ela Reg Elb Req E2 Reg E3 Reg E4 Red E46 Assume that a machine was purchased for $58,400. Cash of $22,700 was paid, and a four-year 4% note payable was signed for the balance. What is the total amount of interest expense that will be reported over the life of the note? Total interest payments
