What is the current economic value of an inheritance that will pay $2000 to the beneficiary at
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 38% (13 reviews)
The inheritances current economic value is the present value of the deferred general annuity ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
Under the headline Local Theatre Project Receives $1 Million! a newspaper article explained that the Theatre Project had just received the first of ten annual grants of $100,000 from the Hinton...
-
A bond pays $1000 interest at the end of every year for the next 30 years. What is the current economic value of each of the 15th and 30th payments if we discount the payments at: a. 5% compounded...
-
The Toronto Raptors announce the signing of one of their players to a seven-year deal worth $43.2 million. The player will earn $400,000 at the end of each month for the first three years, and...
-
a. Find the probability of getting exactly 1 girl in 10 births. b. Find the probability of getting 1 or fewer girls in 10 births. c. Which probability is relevant for determining whether 1 is an...
-
On January 2, 20X2, EL Limited established a subsidiary in Mexico City, Mexico. The subsidiary was named GC Company and the cost of ELs investment was C$ 500,000. When this investment was translated...
-
Classify the following as cross-section or time-series data. a. Food bill of a family for each month of 2015 b. Number of accidents each year in Dallas from 2000 to 2015 c. Number of supermarkets in...
-
Determine the total bare-module cost for the flowsheet in Figure 16.21 at ambient temperature and pressure. Use \(\mathrm{CE}=600\). Design Specifications Pumps: reciprocating, motor driven, 25 psia...
-
Stan Company has accumulated the following budget data for the year 2012. 1. Sales: 30,000 units, unit selling price $80. 2. Cost of one unit of finished goods: Direct materials 2 pounds at $5 per...
-
Write a paper on one of the following topics: Describe the likely short-run and long-run economic consequences of EITHER (a) The COVID-19 pandemic and the associated lockdowns OR (b) Climate change....
-
Kurt Perschke was a grain dealer in Indiana. Perschke phoned Ken Sebasty, the owner of a large wheat farm, and offered to buy 14,000 bushels of wheat for $ 1.95 per bushel. Sebasty accepted the...
-
What amount must be invested today to provide for quarterly payments of $2500 at the end of every quarter for 15 years after a six-year deferral period? Assume that the funds will earn 5% compounded...
-
To sell a farm that it had acquired in a foreclosure action, the RBC Royal Bank agreed to monthly payments of $2700 for 20 years, with the first payment due 15 months from the date of sale. If the...
-
This experiment has two mutually exclusive events, \(A\) and \(\bar{A}\), that form a partition of the sample space \(S\). The number of elements in each set is shown in each region. Find the...
-
GAAP offers latitude in determining when revenue is earned. Assume that a company that normally required acceptance by its customers prior to recording revenue as earned, delivers a product to a...
-
BannerAD Corporation manages a Website that sells products on consignment from sellers. It pays these sellers a portion of the sales price, and charges a commission. Identify two potential revenue...
-
A company with a calendar year-end, purchases a machine costing \(\$ 144,000\) on July 1, 2013. The machine is expected to be obsolete after three years (36 months) and, thereafter, no longer useful...
-
Bartov Corporation agreed to build a warehouse for a client at an agreed contract price of \(\$ 300,500\). Expected (and actual) costs for the warehouse follow: 2013, \(\$ 80,000 ; 2014, \$...
-
Identify and explain when each of the following companies should recognize revenue. a. The GAP: The GAP is a retailer of clothing items for all ages. b. Merck \& Company: Merck engages in developing,...
-
Use the Product Rule or the Quotient Rule to find the derivative of the function. f(t) = 2t 5 cos t
-
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
-
What are some potential problems and limitations of financial ratio analysis?
-
What are some qualitative factors analysts should consider when evaluating a companys likely future financial performance?
-
Describe three ways that pro forma statements are used in financial planning.
-
Describe the impact of Non-Uniform Memory Access (NUMA) on an operating system's memory management strategies, and how an OS can optimize performance in a NUMA-based hardware environment .
-
Explain the concept of system calls in operating systems, and discuss the security implications of exposing system-level operations to user space.
-
Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Assembly Overhead cost $ 1,560,000 $ 1,035,000 Direct labor hours Machine hours 13,000 direct...
Study smarter with the SolutionInn App