User Account

All Pages

What amount must be deposited annually

Assignment Help Accounting Basics
Reference no: EM132697488

Problem 1: On January 1, 2019, Hunter Company adopted a plan to accumulate P5,000,000 by January 1, 2024. Hunter plans to make 5 equal annual deposits that will earn interest at 9% compounded annually. Hunter made the first deposit on January 1, 2019. The future value of ordinary annuity of 1 at 9% for 5 periods is 5.98, and the future value of annuity due of 1 at 9% for 5 periods is 6.52. What amount must be deposited annually at the compound interest to accumulate the desired amount of P5,000,000?

Reference no: EM132697488

Questions Cloud

How would you pair people to work together : In this discussion, you are asked to help your team to understand and manage their emotions in the workplace. To get started, review the following article.
Which of the disorders has the greatest impact on ability : Review the video of speech and communication disorders. In your opinion, which of these disorders has the greatest impact on the ability to interact with others
How would you describe fortis strategy : How would you describe Fortis Strategy? What is the role of Fortis Product line (equipment, tools, and strapping) and service/support in that strategy?
Discuss Quantitative Methodology : Discuss Quantitative Methodology. Compare and contrast qualitative data vs quantitative data.
What amount must be deposited annually : On January 1, 2019, What amount must be deposited annually at the compound interest to accumulate the desired amount of P5,000,000?
Biometric software application capable of uniquely : According to techopedia, facial recognition is a "biometric software application capable of uniquely identifying or verifying a person by comparing
Make an adjusting entries on december : Make an Adjusting entries on December 31, 2020. The purchases included merchandise in the amount of P10,000 bought for the president.
Which of the disorders has the greatest impact on ability : Review the video of speech and communication disorders. In your opinion, which of these disorders has the greatest impact on the ability to interact with others
Compute tax liability for jim : Compute his tax liability. Use 2019 tax law. He has itemized deductions of $10,000. Social Security Income 15,000. Chase Interest Income 5,000

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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