Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Problem:

Question: What is the future value of a $1,000 annuity payment over 4 years if the interest rates are 8 percent?

  • $3,312.10
  • $4,506.11
  • $9,214.20
  • $4,320.00

Note: Be sure to show how you arrived at your answer.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91172031

Have any Question?


Related Questions in Accounting Basics

Question - suppose the interest rate is 83 apr with monthly

Question - Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $ 115 every three months for six years if rounded to the nearest cent?

What do you mean by winter compensation from

What do you mean by winter compensation from contributions

Question - tony madison needs 248900 in 10 yearshow much

Question - Tony Madison needs $248,900 in 10 years. How much must he invest at the end of each year, at 4% interest, to meet his needs?

Question - at the beginning of 2016 pioneer products

Question - At the beginning of 2016, Pioneer Products' ownership interest in the common stock of LLB Co. increased to the point that it became appropriate to begin using the equity method of accounting for the investment ...

Question - on december 31 2017 cheyenne company signed a

Question - On December 31, 2017, Cheyenne Company signed a $1,054,800 note to Ayayai Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in ...

Question - in 2013 emily invests 100000 in a limited

Question - In 2013, Emily invests $100,000 in a limited partnership that is not a passive activity. During 2013, her share of the partnership loss is $70,000. In 2013, her share of the partnership loss is $50,000. How mu ...

Accounting question - simon companys year-end balance

Accounting Question - Simon Company's year-end balance sheets follow: At December 31 2017 2016 2015 Assets       Cash $31,800 $35,625 $37,800 Accounts receivable, net 89,500 32,500 50,200 Merchandise inventory 112,500 82 ...

Question - concord corporation had 807000 shares of common

Question - Concord Corporation had 807000 shares of common stock outstanding on January 1, issued 121000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 50000 shares on November 1. Th ...

Question - calculation of book valueon june 1 20 a

Question - Calculation of Book Value On June 1, 20 a depreciable asset was acquired for $4,560. The asset has an estimated useful life of five years (60 months) and no salvage value. Using the straight-line depreciation ...

Question - linda received 90000 in salary income for 2018

Question - Linda received $90,000 in salary income for 2018. She has no dependents. Determine her income tax liability under each of the following independent situations: She files as a single individual. She is married ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As