# Question: Assume that you must make two year ahead future value estimates using

Assume that you must make two-year-ahead future value estimates using the future value of 1 table. Which interest rate column and number-of-periods row do you use when working with the following rates?

1. 8% annual rate, compounded quarterly

2. 12% annual rate, compounded annually

3. 6% annual rate, compounded semiannually

4. 12% annual rate, compounded monthly (the answer for number-of-periods in part 4 is not shown in Table)

1. 8% annual rate, compounded quarterly

2. 12% annual rate, compounded annually

3. 6% annual rate, compounded semiannually

4. 12% annual rate, compounded monthly (the answer for number-of-periods in part 4 is not shown in Table)

## Answer to relevant Questions

Identify each of the following terms/phrases as either an accounting: (a) Principle, (b) Assumption, (c) Constraint. 1. Materiality 2. Time period 3. Benefit exceeds cost 4. Revenue recognition Part A. Identify the following questions as most likely to be asked by an internal (I) or an External (E) user of accounting information. 1. What are reasonable payroll benefits and wages? 2. Should we make a five-year ...The following is selected financial information for Edison Energy Company for the year ended December 31, 2015: revenues, $55,000; expenses, $40,000; net income, $15,000. Required Prepare the 2015 calendar-year income ...Mike Derr Company expects to earn 10% per year on an investment that will pay $606,773 six years from now. Use Table to compute the present value of this investment. Otto Co. borrows money on April 30, 2015, by promising to make four payments of $13,000 each on November 1, 2015; May 1, 2016; November 1, 2016; and May 1, 2017. 1. How much money is Otto able to borrow if the interest rate ...Post your question