An endowment fund is set up with a donation of $100,000. If it earns 9% compounded monthly,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Given PV 100000 PMT 1000 i 912 075 The endowment can make 186 monthly pay...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Endowment and Related Funds Jefferson Hospital received money from a donor to set up an endowment fund. The following information pertains to this contribution: During 2012 1. $2,000,000 was received...
-
Zak Organization is an NFPO set up for famine relief. It uses the restricted fund method of accounting and has three funds: a general fund, a capital fund (through which it is raising cash to support...
-
Permanent Fund and Related Special Revenue Fund Transactions Annabelle Benton, great-granddaughter of the founder of the Town of Benton, made a cash contribution in the amount of $500,000 to be held...
-
Your restaurant has five menu choices for lunch. How many ways can you order them on your menu? A 0.0749 B 0.0747 120
-
Qorp Ltd. has the following SFP at December 31, 20X5. Qorp Ltd. Statement of Financial Position December 31, 20X5 On January 1, 20X6, Zip Ltd., whose assets are composed entirely of share investments...
-
If a store permanently offers extended shopping hours, what macro environmental factor(s) are they appealing to?
-
Explain with the help of neat sketches, the working principle of four stroke petrol engine.
-
Prepare a physical DFD based on the output from Problem 4-4. Use Microsoft Visio or other diagraming software.
-
Basic Home Care sells two-year warranty plans for home repairs, paid in cash in advance. On January 2, of the current year, 160 warranty plans were sold for $700 each. What would be the adjusting...
-
Savings-Mart (a chain of discount department stores) sells patio and lawn furniture. Sales are seasonal, with higher sales during the spring and summer quarters and lower sales during the fall and...
-
If money in a new TFSA earns 8.25% compounded monthly, how long will it take for the plan to reach $30,000 in value based on end-of-month contributions of $209.59?
-
Rounding up the number of contributions to the next integer, how long will it take an RRSP to surpass $100,000, if it takes in end-of-quarter contributions of $3000 and earns 6% compounded quarterly?
-
Hot water at 120 F (48.9 C) from a water heater is used to supply simultaneously a shower with 2.5 gal/ min, an automatic dishwasher with 6.5 gal/ min, and a washing machine with 9.4 gal/min. Cold...
-
What is the elasticity of demand for the following goods? Explain. What is the shape of the demand curve? a. Demand for a blood transfusion by an accident victim b. Demand by students for green...
-
For each case, choose the condition that characterizes demand: elastic demand, inelastic demand, or unit-elastic demand. a. Total revenue decreases when price increases. b. The additional revenue...
-
The following technical terms are used. Check that you understand the meaning of each. external reporting financial accounting internal reporting management accounting.
-
The following technical terms are used. Check that you understand the meaning of each. business entity conceptual framework financial reporting standards financial statements listed companies ...
-
Two brothers are planning to set up a computer repair business together. They need to decide whether to work in partnership or whether to form a limited liability company. From an accounting and...
-
a) Sketch the graph of y = f(x) where f(x) = 16 x. b) On separate diagrams, sketch the graphs of i) y = f(2x) ii) y = 4f(x) iii) y = f(4x). Mark on each sketch the coordinates of the points where...
-
Read the Forecasting Supply Chain Demand Starbucks Corporation case in your text Operations and Supply Chain Management on pages 484-485, then address the four questions associated with the...
-
(Analysis of Lease vs. Purchase) Jose Rijo Inc. owns and operates a number of hardware stores in the New England region. Recently the company has decided to locate another store in a rapidly growing...
-
(Pension Funding) You have been hired as a benefit consultant by Maugarite Alomar, the owner of Attic Angels. She wants to establish a retirement plan for herself and her three employees. Maugarite...
-
(Pension Funding) James Qualls, newly appointed controller of KBS, is considering ways to reduce his companys expenditures on annual pension costs. One way to do this is to switch KBSs pension fund...
-
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of...
-
14. (3 points) Write a program that ask the user for 1. their first name and 2. their last name, Enter first name: Matt Enter last name: Priem Hello Matt Priem! and then outputs a greeting similar to...
-
Given a sorted array 2, 5, 8, 12, 16, 18, 22, 25, 29, 32 and the following interpolation search algorithm. Show the steps of the algorithm when 25 is searched. Also, when 26 is searched. array a,...
Study smarter with the SolutionInn App