User Account

All Pages

Find what is the value of payments in today dollars

Assignment Help Financial Accounting
Reference no: EM133010776

Problem 1: You won a lottery that will make equal payments of $2,000 at the end of each year for the next five years. If the annual interest rate stays constant at 9%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.)

Option 1: $8,479

Option 2: $9,724

Option 3: $6,612

Option 4: $7,779

Reference no: EM133010776

Questions Cloud

Why the equilibrium quantity in a market maximizes : Use the Rational Rule for Markets to explain why the equilibrium quantity in a market maximizes the market's total economic surplus.
How much money will valerie have to buy a new lcd tv : How much money will Valerie have to buy a new LCD TV at the end of 3 years, rounded to the nearest whole dollar? Valerie has a large and growing collection.
Which of the statements about annuities are true : Which of the statements about annuities are true? An annuity due is an annuity that makes a payment at the end of each period for a certain time period.
How do find and what is the present value of the payments : You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 15%. What is the present value of these payments
Find what is the value of payments in today dollars : You won a lottery that will make equal payments of $2,000 at the end of each year for the next five years. What is value of these payments in today's dollars?
What is the amount deposit would change by : If your deposits were made at the beginning of each year rather than an at the end, what is the amount your deposit would change by
What would Sandhill report as total revenues : Sandhill Co. had the following account balances: Sales revenue $431000. What would Sandhill report as total revenues
What amount will have to deposit into account : You want to make annual identical deposits, what amount will you have to deposit into your account at the end of each year to reach your goal?
Conflicting goals of companies and unions : Identify three common and three conflicting goals of companies and unions. Explain how these goals may be unique to different industries. How might they be the

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd