hancial calculator to arrive at your answer. (Round final answer to 3 decimal p % Effective interest rate
Q: A saving account earns compound interest at an annual effective interest rate i. Given that d12,41 =…
A: EAR=1+RMM-1
Q: Present Value Years Interest Rate Future Value £ 240 3 % £ 297 360 11 1,080 39,000 12 185,382 38,261…
A:
Q: Part 1 The nominal rate of interest would be enter your response here%.
A: Nominal rate of interest = ((1+real interest rate)*(1+inflation rate))-1
Q: Prepare interest tables similar to shown below. Tables should be prepared for different interest…
A: For 1%: Formulas:
Q: Solve for the missing item in the following. (Do not round intermediate calculations. Round your…
A: Interest - It is the part of income that is earned on a certain sum of money at a particular rate of…
Q: Present value calculation Without referring to the Financial calculator, use the basic formula for…
A: We will use the concept of time value of money here. As per the concept of time value of money the…
Q: Find the loan principal. Rate Time (Days) Interest Principal 12% 140 $11.40 ? The loan principal is…
A: Principal is a value which is deposited for a period and interest is computed on this value. It is…
Q: Compute the number of years (t) if future value (FV) = $12,029, present value (FV) = $1,826, and…
A: Period required for the future value can be determined by using formula for future value or present…
Q: Compute the interest rate if future value (FV) = $7,198, present value (FV) = $2,694, and number of…
A: Given, The future value is $7,198 Present value $2,694 Number of years is 9.
Q: What is the equivalent rate of interest (in %) for a discount rate of 7.9% for 77 days? Round your…
A: Interest rate is referred as the percentage of the principal charged through the lender regarding…
Q: What is the present value of $39,000 to be received at the end of each of 20 periods, discounted at…
A: Present value means value in the present of the sum of money in contrast to some future value it…
Q: emotherapeutic agent for the next 2 yec e 1000 JD at the beginning of the first ye d 1000 JD at the…
A: Basic concept of Present value calculation
Q: If investors are to earn a 3.5% real interest rate, what nominal interest rate must they earn if the…
A: nominal interest rate =(1+real interest rate)(1+inflation)-1
Q: Compute the present value if future value (FV) = $7,745, interest rate (r) = 8.1%, and number of…
A: The present value of a forthcoming amount of money or series of payments with a fixed rate of return…
Q: Explore the amount $1 is discounted for different compound interest rates across time. The graph…
A: Given, PVN=1FVN=$11+iN
Q: Assignmeht Using this information, answer the following questions 1. What is the monthly payment? 2.…
A: Note : Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…
Q: EV)" -1. a. Use the interest rate formula, r= b. Use the TVM keys from a calculator. c. Use the TVM…
A: Use the formula and calculate interest rate.
Q: Use the formula for simple interest, I= Prt, to find the indicated quantity. 1= $72; r= 4%; t = 9…
A:
Q: Not use excel Q)Complete the ordinary annuity as an annuity due (future value) for the following.…
A: The future value of an annuity refers to the value of some predefined amount paid at regular…
Q: I have a question how does the value of i (interest rate) is 0.075 in the example eventhough it said…
A: From the solution, n = 20, i = 7.5% = 0.075 P = 100000 Present value of annuity is =…
Q: Use the formula for simple interest, I= Prt, to find the indicated quantity. I=$18; r= 4%; t=3…
A: Interest(I) = $18 Rate(r) =4% t = 3months = 3/12 = 0.25 years Principal = P
Q: Using 360 days as the denominator, calculate interest for the following notes using the formula I =…
A: The question is based on the concept of Financial Accounting.
Q: Interest rates or discount rates. Fill in the interest rates for the following table, . using one of…
A: Present value can be defined as the present worth of the amount which we are going to receive in the…
Q: compounding interest. If the interest rate is 6% with continuous discounting, what is the present…
A: Information Provided: Future value = $500,000 Term = 10 years Interest rate = 6% continuous…
Q: Your interest rate is 5.15%. Convert this percentage to a decimal.
A: Percentage to decimal = Percentage rate / 100
Q: Use factors (from the tables) or a spreadsheet to determine the interest rate per period from the…
A: Interest rate is referred to as an amount, which have been charges through the lender to the…
Q: Task: Assume that at time 0 a sum L is lent for a series of n yearly payments. The rth payment, of…
A: Since 'L' amount is lent in exchange of yearly payments having specific interest rates, therefore, L…
Q: A saving account earns compound interest at an annual effective interest rate i. Given that d12.41 =…
A: EAR =1+RMM-1
Q: A certain some of money P draws interest compounded continuously. If a certain time there are Po…
A: Initial amount (P) = P0 Final amount (F) = 2P0 Interest rate (r) = 2% Let n = Years to accumulate…
Q: Using the simple interest formula I= Prt, compute the amount of interest earned on $1141.00 at 8.06%…
A: Interest earned means the amount which has been earned from the investments or from the bank…
Q: Use factors and a spreadsheet to determine the interest rate per period from the following equation:…
A: The Interest rate is the rate at which interest amount is paid
Q: Use factors (from the tables) or a spreadsheet to determine the interest rate per period from the…
A: Interest rate per period is that rate at which interest is charged or provided every period. This…
Q: Use factors and a spreadsheet to determine the interest rate per period from the following equation:…
A: IRR is the interest rate at which project Net present value is equal to zero.
Q: Compound Interest In Exercises 71 and 72, youinvest $2500 in an account at interest rate r,…
A: Rule 72 is the rule used to calculate the approximate time for a cash flow to double itself at a…
Q: What is the Present Value (PV) of a 2-year $400 Annuity Due if the annual interest (discount) rate…
A: Annuity refers to series of equalized payments that are paid or received at start or ending of…
Q: Derive an equation to find the end-of-year future sum F that is equivalent to a series of n…
A: F=B1+R1+B1+R2+B1+R3+⋯+B1+RN=B×1+RN-1R×1+R
Q: Direction: Solve what is being asked and show your complete and neat solution. (ROUND OF PV FACTORS…
A: There are two types of annuities one is annuity due and other is ordinary annuity that is being paid…
Q: Find the time (in yrs) to accumulate an interest of PI,B00 when P24,000 is invested at 10% simple…
A: Simple interest = P 1800 Investment (I) = P 24000 r = 10% Let n = Duration
Q: For a given present value amount and inter in a higher future value. The TVM apps in our financial…
A: Present value and future value depends on interest rate and period .
Q: Which of the follOwing formulas should be né fóllowing fo used to compute for the compound interest…
A: Compound interest is the interest calculated on the principal and the interest accumulated over the…
Q: Solve for the unknown interest rate in each of the following
A: The formula used for calculation: Future value=Present value * (1+rate)Years
Q: Find the principal and the interest amount. Present Value Interest Amount Future Value Interest…
A: Assuming Compound Interest Future value = Present Value * (1+r)^time
Q: Calculating Interest Using 360 days as the denominator, calculate interest for the following notes…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Requirement 1. Calculate the present value of each scenario using a 6% discount rate. Which scenario…
A: Given, Scenario 1 : $8750 per year at the end of each 7 years. Scenario 2 : $50,500 lupsum now…
Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $2400, I = $52, t…
A: Simple Interest is calculated by multiplying the Interest rate with Principle and time.
Q: What is the Present Value (PV) of a 4-year $500 Ordinary Annuity if the annual interest (discount)…
A: Annuity is a no. of finite payments which are in equal size and made in equal time gap. Person get…
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- Expenditures After Acquisition Listed below are several transactions: a. Paid $80 cash to replace a minor part of an air conditioning system. b. Paid $40,000 to fix structural damage to a building. c. Paid $8,000 for monthly salaries. d. Paid $12,000 to replace a manual cutting machine with a computer-controlled machine. e. Paid $1,000 related to the annual painting of a building. Required: Classify each transaction as either a revenue expenditure, a capital expenditure, or neither.Akron Incorporated purchased an asset at the beginning of Year 1 for 375,000. The estimated residual value is 15,000. Akron estimates that the asset has a service life of 5 years. Calculate the depreciation expense using the sum-of-the-years-digits method for Years 1 and 2 of the assets life.Bridgeport Industries purchased the following assets and constructed a building as well. All this was done during the current year.Assets 1 and 2: These assets were purchased as a lump sum for $220,000 cash. The following information was gathered. Description Initial Cost onSeller’s Books Depreciation toDate on Seller’s Books Book Value onSeller’s Books Appraised Value Machinery $220,000 $110,000 $110,000 $198,000 Equipment 132,000 22,000 110,000 66,000 Asset 3: This machine was acquired by making a $22,000 down payment and issuing a $66,000, 2-year, zero-interest-bearing note. The note is to be paid off in two $33,000 installments made at the end of the first and second years. It was estimated that the asset could have been purchased outright for $78,980.Asset 4: This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance.) Facts concerning the trade-in are as follows. Cost of…
- Hayes Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for $100,000 cash. The following information was gathered. Description Initial Cost on Seller’s Books Depreciation to Date on Seller’s 000Books000 Book Value on Seller’s Books Appraised Value Machinery 00 $100,00000 00 $50,00000 00 $50,00000 00 $90,00000 Equipment 00 60,00000 00 10,00000 00 50,00000 00 30,00000 Asset 3: This machine was acquired by making a $10,000 down payment and issuing a $30,000, 2-year, zero-interest-bearing note. The note is to be paid off in two $15,000 installments made at the end of the first and second years. It was estimated that the asset could have been purchased outright for $35,900. Asset 4: This machinery was acquired by trading in used machinery. (The exchange lacks commercial…Sandhill Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for $290,000 cash. The following information was gathered. Description Machinery Equipment Initial Cost on Seller's Books Depreciation to Date on Seller's Book Value on Books Seller's Books Appraised Value $290,000 174,000 $145,000 29,000 $145,000 145,000 $261,000 87,000 Asset 3: This machine was acquired by making a $29,000 down payment and issuing a $87,000, 2-year, zero-interest-bearing note. The note is to be paid off in two $43,500 installments made at the end of the first and second years. It was estimated that the asset could have been purchased outright for $104,110. Asset 4: This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance.) Facts concerning the trade-in are as follows. Cost of machinery traded $290,000 Accumulated depreciation to date of sale…Nash Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for $ 320,000 cash. The following information was gathered. Depreciation to Book Value on Initial Cost on Seller's Books Description Date on Seller's Books Seller's Books Appraised Value Machinery $320,000 $ 160,000 $ 160,000 %24 $ 288,000 Equipment 192,000 32,000 160,000 96,000 Asset 3: This machine was acquired by making a $ 32,000 down payment and issuing a$ 96,000, 2-year, zero-interest-bearing note. The note is to be paid off in two $ 48,000 installments made at the end of the first and second years. It was estimated that the asset could have been purchased outright for $ 114,880. Asset 4: This machinery was acquired by trading in used machinery. (The exchange lacks commercial substance.) Facts concerning the trade-in are as follows. Cost of machinery traded $320,000 Accumulated depreciation to date…
- Coronado Industries purchased the following assets and constructed a building as well. All this was done during the current year. Assets 1 and 2: These assets were purchased as a lump sum for $300,000 cash. The following information was gathered. Description Machinery Equipment Initial Cost on Seller's Books $300,000 180,000 Depreciation to Date on Seller's Books Cost of machinery traded Accumulated depreciation to date of sale Fair value of machinery traded Cash received Fair value of machinery acquired Date 2/1 6/1 9/1 11/1 $150,000 30,000 Asset 3: This machine was acquired by making a $30,000 down payment and issuing a $90,000, 2-year, zero-interest-bearing note. The note is to be paid off in two $45,000 installments made at the end of the first and second years. It was estimated that the asset could have been purchased outright for $107,700. Payment Book Value on Seller's Books Asset 4: This machinery was acquired by trading in used machinery. (The exchange lacks commercial…Select financial information for Logistical Corp. as at December 31, 20X6, follows: Please find the attached image Additional information is as follows: • During the year, Logistical sold equipment for proceeds of $50,000. The equipment had a cost of $80,000 and accumulated depreciation of $35,000.• During the year, a review of Logistical’s goodwill was completed, and it was determined that the asset was impaired and should be written down by $3,000.• Logistical did not purchase any additional investments in the year. Any changes in the fair value of investments have been adjusted through other comprehensive income. These securities are not cash equivalents.• During the year, a new lease was signed for equipment that had a fair market value of $45,000. Depreciation expense for the year totalled $1,000. The new lease was signed in the year, which required a $7,000 payment at the start of the lease.• Logistical elects to classify any interest paid and dividends paid as financing…How much are the capitalized costs of the land and the building? Building Building 23,096,000 23,144,000 Land Land a. 8,160,000 b. 8,120,000 c. 8,100,000 d. 8,060,000 23,184,000 23,264,000
- These expenditures were incurred by Blossom Company in purchasing land: cash price $55,000, assumed accrued property taxes $4,500, attorney's fees $2,100, real estate broker's commission $3,000, and clearing and grading $4,000. What is the cost of the land? The cost of the land 73900White purchased land with a current market value of $144,000, a building with a market value of $18,000, and equipment with a market value of $18,000. Journalize the lump-sum purchase of the three assets purchased for a total cost of $170,000 in exchange for a note payable. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Land Building Equipment Notes payableZeidler Company bought a building and the land on which the building is located for a total cash price of $183,500. The company paid transfer costs of $3,100. Renovation costs on the building were $14,320. An independent appraiser provided market values for the land, $220,000, and building, $880,000 before renovation. Required: 1. Apportion the cost of the property on the basis of the appraised values. (Input all amounts as positive values.) Item Building Land Apportioned cost $ No 1 149,280 37,320 186,600 Renovation cost $ Transaction 1 14,320 $ 0 Purchase cost 2. Prepare the journal entry to record the purchase of the building and land, including all expenditures. Assume that all transactions were for cash and that all purchases occurred at the start of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Building Land $ Cash 163,600 37,320 200,920 General Journal…