Suppose XYZ corporation needs $32,000 at the end of 72 years. If they can earn an interest

Fantastic news! We've Found the answer you've been seeking!

Question:

Suppose XYZ corporation needs $32,000 at the end of 72 years. If they can earn an interest rate at 0.625% per year.

How much would they need to invest today to meet this objective?

Related Book For answer-question

Managerial Accounting

ISBN: 978-0133428377

4th edition

Authors: Karen W. Braun, Wendy M. Tietz

See More Books

Posted Date: Apr 10, 2023 11:48 PM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Who are the uppers in your life? Do you have any downers or vultures?
Determining amount and type (favorable vs. unfavorable) of variance Required Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U). Budget...
A company pays $760,000 cash to acquire an iron mine on January 1. At that same time, it incurs additional costs of $60,000 cash to access the mine, which is estimated to hold 100,000 tons of iron....
Fill in the Blank. When the vibrational response of a system is known precisely, the vibration is called ___________ vibration.
During the month of January 20-2, TJs Specialty Shop engaged in the following transactions: Jan. 1 Sold merchandise on account to Anne Clark, $3,000, plus tax of $150. Sale No. 643. 2 Issued Check...
14. Again two forces are applied to the cart with two different spring scales as shown below. The spring scale FA still reads 10.5 N. FB FA The cart moves with a constant velocity toward the right....
A large roll of paper having a mass of 20 kg and a radius r = 150 mm is resting over the edge of a corner, such that the end of the paper on the roll is attached to the horizontal surface. If the...
Concord Company has 2,300 shares of 5%, $100 par non-cumulative preferred stock outstanding at December 31, 2021. No dividends have been paid on this stock for 2020 or 2021. Dividends in arrears at...
Assume net income was $ 1 2 0 , 0 0 0 , depreciation expense was $ 5 , 6 0 0 , accounts receivable decreased by $ 9 , 5 0 0 , and accounts payable decreased by $ 3 , 4 0 0 . The amount of cash flows...
selling price of 7 5 , variable cost 3 0 , fixed expenses 2 2 , 5 0 0 . what is the break even point?
An engineer places $4,000 at the end of every year into a retirement account for 34 years. If the account into which the savings was placed earns 5% per year, how much was in the account at the end...
My student loans totaled $ 8 5 , 0 0 0 , and requires monthly payments of $ 9 4 3 . 6 7 , at a 6 % annual interest rate. How much is interest expense for the first month?
The Stewart Company has $1,635,000 in current assets and $604,950 in current liabilities. Its initial inventory level is $343,350, and it will raise funds as additional notes payable and use them to...
A firm with net income of $150,000 and weighted average actual shares outstanding of 25,000 for the year also had the following securities outstanding the entire year: 500 options to purchase one...
Briefly discuss the implications of the financial statement presentation project for the reporting of stockholders equity.
CompanysWork in Process Inventory account had a $ 68,000 beginning balance on May 1 ($ 43,000 of this related to direct materials used during April, while $ 25,000 related to conversion costs...
According to the IMAs Statement of Ethical Professional Practice (reproduced in the chapter), management accountants should follow four standards: competence, confidentiality, integrity, and...
Jannus Supply Corporation reported these figures: Jannus Supply has 2,500 shares of common stock outstanding. Its stock has traded recently at $ 34.50 per share. You would like to gain a better...
Under the provisions of the Companies Act 1985 an auditor's report must be attached to a company's financial statements. Is this true for all companies? Explain.
State the major changes which have occurred in auditing techniques during the last 160 years. Explain briefly how changes in technology have impacted on the changes in auditing techniques.
Outline briefly the development of corporate accountability over the past 160 years.

Suppose XYZ corporation needs $32,000 at the end of 72 years. If they can earn an interest

Question:

Expert Answer:

To calculate how much XYZ Corporation would need to invest ... View the full answer

Managerial Accounting

Students also viewed these accounting questions