When sally turns 30 years old she will receive 10000 per, Ask an Expert

Accounting

When Sally turns 30 years old, she will receive $10,000 per year for 10 years in accordance with her grandmother's will. Sally has 8 more years before she turns 30. How much is her inheritance worth today, assuming money earns 7% annually? Round your answer to the nearest whole dollar. Answers should not include commas, decimal points, or dollar signs. For example, $2,523.65 should be submitted as 2524.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9985582

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - on 1 january 2015 image plus ltd acquired

Question - On 1 January 2015 Image Plus Ltd acquired electronic equipment for $18 000, net of GST. It is estimated it will have no residual value. If depreciation is provided at 10% p.a. on the diminishing-balance basis, ...

Question - vestorville company reported the following

Question - Vestorville Company reported the following results from last year's operations Sales 1,000,000 Variable expenses 300,000 Contribution margin 700,000 Fixed expenses 500,000 Net operating income 200,000 Average ...

Question - pina corporation wants to withdraw 113110

Question - Pina Corporation wants to withdraw $113,110 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year ...

Question - don smiths wife died in january while still

Question - Don Smith's wife died in January while still employed and, as her beneficiary, he began receiving an annuity of $147 per month. There was no investment in the contract after June 30, 2013. The investment in th ...

Question -waterway inc had net sales in 2017 of 1492600 at

Question - Waterway, Inc. had net sales in 2017 of $1,492,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $232,200 debit, and Allowance for Doubtful Account ...

Question faith essay instructionsyou will write an 800-word

Question: Faith Essay Instructions You will write an 800-word essay in current APA format that focuses on how biblical concepts are related to the fields of accounting and finance. The essay must incorporate a thoughtful ...

Question - state your accounting method of choice and

Question - State your accounting method of choice and describe several types of business transactions you expect to incur. Explain how the transactions will impact your financial statements. How will the transactions inf ...

Question - the social security administration increased the

Question - The Social Security Administration increased the taxable wage base from $118,300 to $120,100. The 6.2% tax rate is unchanged. Joe Burns earned over $120,000 each of the past two years. a. What is the percent i ...

Question - personal budgetat the beginning of the school

Question - Personal Budget At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on Dec ...

Question -how susceptible are you to undue influence to

Question - How susceptible are you to undue influence to alter records of transactions? Do you have the strength of your convictions to stand up to a rich and powerful CEO who orders you to change the records?

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

Recent Questions

Ask Accounting Basics Expert