11) Keisha has $4300 now and plans on investing it in a fund that will pay her...
Question:
11) Keisha has $4300 now and plans on investing it in a fund that will pay her 12% interest compounded quarterly. How much will Keisha have accumulated after 2 years? (Use appropriate factor(s) from the tables provided.)
A) $5332.00 B) $5447.24
C) $4300.00 D) $5393.92
E) $4816.00
12) Pelcher Company acquires a machine by issuing a note that requires semiannual payments of $5500 for 5 years. The interest rate on the note is 12% compounded semiannually. What is the cost of the machine? (Use appropriate factor(s) from the tables provided.)
A) $55,000.00 B) $19,834.51
C) $36,538.35 D) $18,149.40
E) $40,480.55
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones