Reference no: EM132641813

-What is the present value of nine annual cash payments of $2,000, to be paid at the end of each year using an interest rate of 6%?

-What is the present value of $40,000 to be paid at the end of 20 years, using an interest rate of 14%?

-How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 12 years, assuming that the account will earn 12% interest?

-How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 12 years, assuming that the account will earn 12% interest?

-Assume that a machine was purchased for $51,400. Cash of $18,600 was paid, and a four-year, 10% note payable was signed for the balance.Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described.

-How much is the equal annual payment of principal and interest due at the end of each year?

-What is the total amount of interest expense that will be reported over the life of the note?

-Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year.