A company invests ($ 45,000) per year for five years at (12 %) annual interest. Compute the
Question:
A company invests \(\$ 45,000\) per year for five years at \(12 \%\) annual interest. Compute the value of this annuity investment at the end of five years.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Future value 45000 times 63528 underline 285876 using FV of annuity factor from Table B 4 i12 n5 Data from Table B3 Periods 1 1 2 3 4 2 3 4 5 6 7 8 9 ...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following questions are adapted from a variety of sources including questions developed by the AICPA Board of Examiners and those used in the Kaplan CPA Review Course to study property, plant,...
-
1. Suppose your personal federal income tax rate is 30%. You are trying to decide which of the following bonds to invest in. Both are BBB rated and therefore equally risky. State of Illinois Bond...
-
The following questions are used in the Kaplan CPA Review Course to study the time value of money while preparing for the CPA examination. Determine the response that best completes the statements or...
-
Lucy, a 57-year-old widow, lost her husband in 2021. He was an active participant in the Federal Employees' Retirement System (FERS), and his FERS contributions totaled $27,000 at the time of his...
-
Air leaves the compressor of a jet engine at a temperature of 300 F, a pressure of 45lbf/in2, and a velocity of 400 ft/s. Determine the isentropic stagnation temperature and pressure.
-
The ballistic pendulum. A bullet of mass m = 30 g is fired into a wooden block of mass M = 5.0 kg as shown in Figure P7.52. The block is attached to a string of length 1.5 m. The bullet is embedded...
-
Amanda Forbes was hired as a nail technician by Showmann, Inc., in 2011. In 2017, Forbes attended a work-related holiday party where Showmann distributed raffle tickets to employees. One of the...
-
1. Draw an ERD for the Winfield Public Transit Authority system. 2. Indicate cardinality. 3. Identify all fields you plan to include in the tables. 4. Create 3NF table designs. Winfield is a small...
-
thank you I've been having lots of troubles opening any documents in full they just appear as blank would you know why this is or perhaps be able to assist me
-
Berkshire Co. purchases debt investments in trading securities at a cost of \(\$ 130\) on July 1 . (This is its first and only purchase of trading securities.) On December 30, Berkshire received \(\$...
-
A company is considering an investment that would produce payments of \(\$ 10,000\) every six months for three years. The first payment would be received in six months. If this company requires an...
-
Suppose your friend, Pat, approaches you with a plan to get in on the solar panel leasing business. Pat has identified an opportunity to acquire panels sufficient to power 25 homes. On average, Pat...
-
Provide an example of the business practices that will increase innovation in organizations. Be sure to provide your justification for why the example enhances organizational innovation.
-
Write a short C++ program that will prompt the user and input three integer values (month, day, year) from the console in a "date" format that includes '/' separator characters. e.g., 8/21/2013. Your...
-
Consider a firm that needs to borrow K = 100 from a lender. It has to post a collateral to borrow. The project of the firm is risky. With probability q = 0.5 the firm does not default and pays R ....
-
You are analyzing the market for beach chair rentals at a local public beach. At a price of $15 Qd = 250. At $20 Qd = 238. What is the elasticity of demand? At what price point is revenue higher....
-
Article: The Companies That Give Everyone the Day Off When Life Gets Stressful More executives believe these initiatives are a crucial way to retain and attract employees in a tight labor market...
-
Here is financial information for Galenti Inc. Instructions Prepare a schedule showing a horizontal analysis for 2010 using 2009 as the baseyear. December 31, 2010 December 31, 2009 Current assets...
-
Independent random samples of sizes n1 = 30 and n2 = 50 are taken from two normal populations having the means 1 = 78 and 2 = 75 and the variances 21 = 150 and 22 = 200. Use the results of Exercise...
-
Refer to Polaris's statement of cash flows in Appendix A. (a) Which method is used to compute its net cash provided by operating activities? (b) Its balance sheet shows an increase in accounts...
-
Use the following information about the cash flows of Ferron Company to prepare a complete statement of cash flows (direct method) for the year ended December 31, 2013. Use a note disclosure for any...
-
Refer to Polaris's financial statements in Appendix A. Compute its profit margin for the years ended December 31, 2011, and December 31, 2010.
-
7. An astronaut in a spaceship measures an event that takes 18 seconds to complete. This measurement for the event, when measured on earth takes 20 seconds. How fast relative to earth is the...
-
What is the use and importance of Cache Memory? Pen down different levels of Cache and provide advantages of using it.
-
A world-class runner can run long distances at a pace of 12 km/hour. That runner expends 740 kilocalories of energy per hour. What's the power (in Watts [W]) the runner is exerting while running?...
Study smarter with the SolutionInn App