Marigold Corp. will receive $720000 in a future year. If the future receipt is discounted at an interest rate of 9%, its present value is $429314. In how many years is the $720000 received? O 7 years 5 years O 6 years O 8 years
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- Electro Corporation bought a new machine and agreed to pay for it in equal annual installments of 5,000 at the end of each of the next 5 years. Assume a prevailing interest rate of 15%. The present value of an ordinary annuity of 1 at 15% for 5 periods is 3.35. The future amount of an ordinary annuity of 1 at 15% for 5 periods is 6.74. The present value of 1 at 15% for 5 periods is 0.5. How much should Electro record as the cost of the machine? a. 12,500 b. 16,750 c. 25,000 d. 33,700On August 1, 2019, Kern Company leased a machine to Day Company for a 6-year period requiring payments of 10,000 at the beginning of each year. The machine cost 40,000 and has a useful life of 8 years with no residual value. Kerns implicit interest rate is 10%, and present value factors are as follows: Present value for an annuity due of 1 at 10% for 6 periods4.791 Present value for an annuity due of 1 at 10% for 8 periods5.868 Kern appropriately recorded the lease as a sales-type lease. At the inception of the lease, the Lease Receivable account balance should be: a. 60,000 b. 58,680 c. 48,000 d. 47,910Oriole Company will receive $ 403000 in 7 years. If the appropriate interest rate is 11%, the present value of the $ 403000 receipt is $ 193440. $ 836692. $ 596440. $ 194109.
- I asked this question yesterday and received my answer.. I am stuck on how to calculate the present value of $1 after 4 yrs at 10% or the present value of $1 at 10% for 8 years. I am having trouble calculating the rate Question (Note Transactions at Unrealistic Interest Rates) On July 1, 2020, Taylor Inc. made two sales.1. It sold land having a fair market value of $500,000 in exchange for a 4-year, zero-interest-bearing promissory note in the face amount of $732,053.70. The land is carried on Taylor’s books at a cost of $375,000.2. It rendered services in exchange for a 4%, 8-year promissory note having a face value of $400,000 (interest payable annually).Taylor Inc. recently had to pay 7% interest for money that it borrowed from British National Bank. The customers in these two transactions have credit ratings that require them to borrow money at 10% interest.InstructionsRecord the two journal entries that should be recorded by Taylor Inc. for the sales transactions above that…Tommy John is going to receive $1,000,000 in three years. The current market rate of interest is 10%. Using the present value of $1 table in Exhibit 8 (page 695), determine the present value of this amount compounded annually. Why is the present value of the amount less than $$1,000,00D to be received in the future?What is the value of before tax equity reversion if sales price is Tk. 8900000, selling expense is 20%, and loan of tk. 938000, 28 years is paid off after 9 years, where rate of interest is 10.5% where monthly installment is tk. 8671.85? a. 6536989 b. 6264989 c. 5951178 d. 6049809
- What's the present value of $14,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually? a. $9,024.59 b. $9,014.99 c. $9,005.39 d. $9,034.19 e. $9,043.79Z company paid TL 10000000 at the end of the 20th year for its 7.5% interest rate and 20-year maturity loan from XYBANK. What would be the annual cash amount if the company paid this loan in equal installments?6.If the current value of $1000 received five years from now is $680.50, what is the assumed annual interest rate? 7.If the current value of $1000 received in each of the next five years starting one year from now is $3889.65, what is the assumed annual interest rate? 8.$1000 is deposited in a bank earning 8% compounded annually. What will be the balance at the end of ten years? What will be the ending balance assuming money is compounded quarterly?
- on december 31, 2020, bones corporation sold an old machine, the terms of the sale were as follows: $2500 down payment at the time of the sale $50000 payable on December 31 each of the next three years. 5% would be a fair market interest rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31,2020 rounded to the nearest dollar? ( The present value of an ordinary annuity of 1 at 5% for 3 years is 2.7233)20. Jane company bought a new machine and agreed to pay in equal annual installment of P150,000 at the end of each of the next 5 years. The prevailing interest rate for this type of transaction is 12%. The present value of an ordinary annuity of 1 at 12% for five periods is 3.60. The future amount of an ordinary annuity of 1 at 12% for five periods is 6.35. The present value of P1 at 12% for five periods is 0.567. What is the interest expense for the first year?1000 dollars is deposited into an account at the beginning of the year and the value at the end of five years is 1276.30. (a) If the account was subject to a force of interest δ(t) = kt where t is in years, k =? (b) If inflation is 1 percent a year, what is the adjusted effective yearly interest rate?
