Determine the present value of $100,000 to be received in three years, using an interest rate of
Question:
a. By successive divisions. (Round to the nearest dollar.)
b. By using the present value table in Exhibit3.
Transcribed Image Text:
Periods 5% 51/2% 6% 5%% 7% 10% 11% 12% 13% 14% 0.95238 0.94787 0.94340 0.93897 0.93458 0.90909 0.90090 0.89286 0.88496 0.87719 2 090703 089845 089000 0.38166 0.87344 0,82645 0.81162 0.79719 0.8315 0.947 3 0.86384 0.85161 0.83962 0.82785 0.81630 0.75132 0.73119 0.71178 0.69305 0.67497 4 082270 0.80722 0.79209 0.77732 0.76290 0.68301 0.65873 0.63552 0.61332 0.59208 5 0.78353 0.76513 0.74726 0.72988 0.71299 0.62092 0.59345 0.56743 0.54276 0.51937 6 0.74622 0.72525 0.70496 0.68533 0.66634 0.56447 0.53464 0.50663 0.48032 045559 7 0.71068 0.68744 0.66506 0.64351 0.62275 0.51316 0.48166 045235 0.42506 0.39964 8 0.67684 0.65160 0.62741 0.60423 0.58201 0.46651 0.43393 0.40388 0.37616 0.35056 9 0.64461 0.61763 0.59190 0.56735 0.54393 0.42410 0.39092 0.36061 0.33288 0.30751 10 0.61391 0.58543 055840 0.53273 0.50835 0.38554 0.35218 0.32197 0.29459 0.26974
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
a 100000 105 9523...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Question Posted:
Students also viewed these Accounting questions
-
Interest rates determine the present value of future amounts. Requirements 1. Determine the present value of seven-year bonds payable with maturity value of $91,000 and stated interest rate of 14%,...
-
Interest rates determine the present value of future amounts. Requirements 1. Determine the present value of seven-year bonds payable with maturity value of $83,000 and stated interest rate of 12%,...
-
Interest rates determine the present value of future amounts. (Round all numbers to the nearest whole dollar.) Requirements 1. Determine the present value of seven- year bonds payable with face value...
-
A horizontal cantilever beam of length l and of uniform cross-section carries a uniformly distributed load of w per unit length for the full span. The cantilever is supported by a rigid prop at a...
-
If the following compounds are heated, one will form one product from a [1, 3] sigmatropic rearrangement and the other will form two products from two different [1, 3] sigmatropic rearrangements....
-
What are the key factors behind a successful report presentation?
-
The sky hook is used to support the cable of a scaffold over the side of a building. If it consists of a smooth rod that contacts the parapet of a wall at points A, B, and C, determine the normal...
-
Dacher Company uses a job order cost system. The following data summarize the operations related to production for October: a. Materials purchased on account, $450,000. b. Materials requisitioned,...
-
Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,100 and the variable cost per cup of coffee served is $0.52....
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Bridger Co., which produces and sells skiing equipment, is financed as follows: Bonds payable, 8% (issued at face amount) .....$8,000,000 Preferred $3 stock (nonparticipating), $50 par ........
-
Determine the present value of $50,000 to be received at the end of each of four years, using an interest rate of 6%, compounded annually, as follows: a. By successive computations, using the present...
-
Treating with PGA2 strong base such as sodium tert-butoxide followed by addition of acid converts it to PGC2. Propose a mechanism for this reaction.
-
Purpose: To determine the smallest unit of elementary charge. Method: An oil drop is balanced between two large, horizontal parallel plates 1.00 cm apart. The mass of the oil drop was determined and...
-
Purple Dalia, Inc. has the following balance sheet statement items: current liabilities of $779,009; net fixed and other assets of $1,734,156; total assets of $3,492,994; and long-term debt of...
-
Assume that you are preparing to confirm accounts receivable at December 31, 2022, which is one month prior to the fiscal year-end of January 31, 2023. The book value of gross accounts receivable is...
-
This week's material introduces several different market structures, including perfect competition, monopolistic competition, and pure monopoly. Choose a good you have purchased in the last month. In...
-
How do urbanization patterns intersect with issues of social justice and inclusion, and what policies are most effective in ensuring equitable access to urban infrastructure and services ?
-
The doctrine of the de facto corporation requires that there be a bona fide attempt to incorporate under an existing incorporation statute and an exercise of corporate power. True/false
-
(a) Water flows through the nozzle of a garden hose. Find an expression for m in terms of line pressure P 1 , ambient pressure P 2 , inside hose diameter D 1 , and nozzle outlet diameter D 2 . Assume...
-
Under the ____________ ____________ rule, each copy of a book is considered a separate defamation.
-
State the generally accepted accounting principle applicable to the balance sheet valuation of each of the following assets. (a) Trade accounts receivable. (b) Land. (c) Inventories. (d) Trading...
-
Refer to the definition of assets on page 180. Discuss how a leased building might qualify as an asset of the lessee (tenant) under this definition.
-
Refer to the definition of assets on page 180. Discuss how a leased building might qualify as an asset of the lessee (tenant) under this definition.
-
The following partially complete T-accounts for the month of June along with additional information are from Renfrew & Company: Materials Inventory Work-in-Process Inventory Finished Goods Inventory...
-
The information that follows pertains to Julia Company: (a) Temporary differences for the year 2024 are summarized below. Expenses deducted in the tax return, but not included in the income...
-
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company's predetermined overhead rate of $2.60 per machine-hour was based on a...
Study smarter with the SolutionInn App