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Assist with the below present value situation.
Using a present value table, calculator, or a computer program present value function, calculate the present value for the following: (Use appropriate factor(s) from the tables provided.)
a. A car down payment of $30,000 that will be required in eight years, assuming an interest rate of 14%.
b. A lottery prize of $6 million to be paid at the rate of $300,000 per year for 20 years, assuming an interest rate of 12%.
c. The same annual amount as in part b, but assuming an interest rate of 14%.
d. A capital lease obligation that calls for the payment of $8,000 per year for 10 years, assuming a discount rate of 8%.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
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Metro Express has 5 sales employees, each of whom earns $4,000 per month and is paid on the last working day, of the month. Each employee, wages are subject to FICA social security taxes of 6.2% and Medicare taxes of 1.45% on all wages.
Aspen Co. expects to maintain the same inventories at the end of 2008 as at the beginnign of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various depart..
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Robin Bradley received a paycheck from her employer in the amount of $776.35. The paycheck stub indicated that in calculating her $776.35 net pay, $139.75 had been withheld for federal income tax, $34.25 for state income tax and $74.65 had been wi..
Compute the equivalent units of production for the first department for April, assuming the company uses the weighted-average method of accounting for units and costs.
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