Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Sally invests some money at 6

17/11/2021 Client: muhammad11 Deadline: 2 Day

Brief Exercise 6-1
1. Chris Spear invested $12,720 today in a fund that earns 6% compounded annually. (Use the tables below.)

To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 6% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment at 6% annual interest

$15150

IMG_256

Investment at 6% annual interest, compounded semiannually

$15188

IMG_2562

Brief Exercise 6-2
Tony Bautista needs $21,080 in 2 years. (Use the tables below.)

What amount must he invest today if his investment earns 12% compounded annually? What amount must he invest if his investment earns 12% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment at 12% annual interest

$16805

IMG_256

Investment at 12% annual interest, compounded quarterly

$16641

3 Candice Willis will invest $11,609 today. She needs $190,000 in 20 years. (Use the tables below.)

What annual interest rate must she earn? (Round answer to 0 decimal places, e.g. 7%.)

Interest rate

=

IMG_256

15%

IMG_256

Brief Exercise 6-7
John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $434,800. He estimates that the boat he wants will cost $333,900 when he retires in 7 years. (Use the tables below.)

How much of his inheritance must he invest at an annual rate of 11% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

Investment amount

$160826

Exercise 6-2 (Part Level Submission)
Alan Jackson invests $47,000 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years. At the end of the 10 years, Alan withdraws the accumulated amount of money.

IMG_256

IMG_257

IMG_258

IMG_259

(a) Compute the amount Alan would withdraw assuming the investment earns simple interest. (Round answers to 0 decimal places, e.g. 458,581.)
Total withdrawn

$94000

Compute the amount Alan would withdraw assuming the investment earns interest compounded annually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Total withdrawn

$121906

Compute the amount Alan would withdraw assuming the investment earns interest compounded semiannually. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Total withdrawn

$124705

LEW Company purchased a machine at a price of $109,000 by signing a note payable, which requires a single payment of $141,158 in 3 years. (Use the table below.)Assuming annual compounding of interest, what rate of interest is being paid on the loan?

Rate of interest

IMG_256

9%

Exercise 6-10 (Part Level Submission)
Consider the following independent situations. (Use the tables below.)

(a)
Mike Finley wishes to become a millionaire. His money market fund has a balance of $299,246 and has a guaranteed interest rate of 9%. How many years must Mike leave that balance in the fund in order to get his desired $1,000,000?

IMG_256

14 years

(b)
Assume that Sally Williams desires to accumulate $1 million in 17 years using her money market fund balance of $371,365. At what interest rate must Sally’s investment compound annually? (Round answer to 0 decimal places, e.g. 5%.)

Interest rate

IMG_256

%

Multiple Choice Question 75
IMG_256

IMG_257

Correct.

Dunston Company will receive $300,000 in a future year. If the future receipt is discounted at an interest rate of 10%, its present value is $153,948. In how many years is the $300,000 received?

IMG_258

7 years

IFRS Multiple Choice Question 01
IMG_256

IMG_257

Correct.

Underwood Company maintains its accounting records using IFRS. The company recently signed a lease for a new office building, for a lease period of 10 years. Under the lease agreement, a security deposit of $25,000 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at 10% per year. What amount will the company receive at the time the lease expires?

$64,844.

IFRS Multiple Choice Question 04
IMG_256

IMG_257

Correct.

Barton Company, a company who maintains its accounting records using IFRS, manufactures furniture. Barton sells a $90,000 order to Save-A Lot Furniture in exchange for a zero-interest-bearing note due from the customer in two years. Since there is no stated interest rate on the note, the controller uses the current market rate of 8% to derive the present value factor. Based on this information and the incorporation of the time value of money, which of the following would be recorded by Barton to recognize this sale?

A credit to Discount on Notes Receivable for $12,839.

IFRS Multiple Choice Question 07
IMG_256

IMG_257

Correct.

Jamison Company uses IFRS for its financial reporting. It produces machines that sell globally. All sales are accompanied by a one-year warranty. At the end of the year, the company has the following data: • 3,000 units were sold during the year. • The trend over the past five years has been that 4% of the machines were defective in some way and had to be repaired. Of this 4%, half required a full replacement at a cost of $3,000 per unit and half were able to be repaired at an average cost of $300. What is the expected value of the warranty cost provision?

$198,000

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Accounting & Finance Specialist
Engineering Solutions
Exam Attempter
Finance Homework Help
Assignment Hub
George M.
Writer Writer Name Offer Chat
Accounting & Finance Specialist

ONLINE

Accounting & Finance Specialist

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$20 Chat With Writer
Engineering Solutions

ONLINE

Engineering Solutions

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$25 Chat With Writer
Exam Attempter

ONLINE

Exam Attempter

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$27 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$23 Chat With Writer
Assignment Hub

ONLINE

Assignment Hub

I have worked on wide variety of research papers including; Analytical research paper, Argumentative research paper, Interpretative research, experimental research etc.

$47 Chat With Writer
George M.

ONLINE

George M.

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$24 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Order winners and order qualifiers ppt - Sin 210 in fraction - How to find domain for quadratic function - Third soliloquy in hamlet - Convert ifc to step - Working for islington council - List and briefly define five file organizations - Nursing paper - D2fs fl n a1 - Strategic Financial Analysis - Nursing, Community Resources Essay - Instant paper clip office supply company - Worksheet telescopes coordinated science 1 answers - Importance of record keeping in poultry production - Cdstep - Why was ned kelly a hero - Ge healthcare in india an ultrasound strategy case - On the spot courier services chapter 4 - Hypothetical process time function map for nissan - Shenton college year 10 subjects - A good media strategy requires - Im3 dental machine maintenance - Principles of distributed database systems 2nd edition pdf free download - 8-1 Discussion - Hilton hotels customizes rooms and lobbies according to location - Who gave harry potter the invisibility cloak - Experiment 3: osmosis - direction and concentration gradients - Legal and ethical considerations for group and family therapy - Fp solutions financial planning software - Https://www.homeworkmarket.com/sites/default/files/qx/17/03/14/10/year12.docx - Waren sports supply bank reconciliation 2017 - First choice northern ireland - 20th century mime artist - Name three famous robots and tell what they do - Adjectives for a snake - Charges of transition metals list - Racq tow truck cost - English essay - Back and forth synonym - Compensating error in accounting - Rainmaker questions for homework answers - Mr dutoit was asked by his psychotherapist - Dr zafar hussain bankstown - How much valence electrons does bromine have - Compensation advice of lump sum payments - Mole fraction and partial pressure - Misoponos - ALL WORLD【सलूशन】Vashikaran ※ +91-8529590991 molvi ji ... - Pricing strategies of automobile industry in india - Google search appliance ebay - In hamilton county ohio the mean number - Anz card services phone number - Managing Health Care Quality - How to calculate turning circle - Usted: la computadora suya; la suya - Scotts miracle gro the spreader sourcing decision - Pftop - 0.0891 as a percentage - Chapter 1 biology the study of life - Scenarios in the Market - Matterhorn health simulation answers - Medical tourism examples in the philippines - Apa style position paper example - 200 hillside lane wardell - Juwel eccoflow 600 instructions - Paper - Keira marcos ties that bind - Contingency Planning - Death anxiety is especially low among adults - How to improve employee productivity in capsim - Charles darwin university semester dates - Progress notes - 250 word main discussion essay due 9/22 - Mlc masterkey business super abn - The secret life of us episode guide - Financial Management - Contra-actions that could occur during or after the treatment - Environmental scanning in strategic management - Discussion - One way anova apa style - Io non ho paura book english translation - Essay - Elizabeth olten - Assignment descriptive statistics - Talent manager organizational designer - Ministry of sound garage xxv download zip - Which part is primarily responsible for conducting foreign relations - Writing DQ 6-2 - Prepare a 10 minute presentation on organizational culture and values - Features of international financial market - Formal analysis example - Discussion: Interaction Between Nurse Informaticists and Other Specialists - How to turn eftpos machine off - Red band society the guilted age - Reflection paper about science subject - What are some of the qualities that confucius valued - It's a beautiful day lyrics - What does solitary as an oyster mean - Test for group 2 cations - Problem 11 2a entries for payroll transactions lo p2 p3