ch 10 18 - Assig nment Pr int View a nd fina l a nsw e r to...

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1/30/2014 Assignment Print View http://ezto.mhecloud.mcgraw-hill.com/hm_accounting.tpx?todo=printview 18/21 17. aw ard: 0.50 out of 1.00 point and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Present value $ 7,888 c. Determine the present value of $300 to be paid monthly for 36 months, with an additional "balloon payment" of $12,000 due at the end of the thirty-sixth month, discounted at a monthly interest rate of 1½ percent. The first payment is to be one month from today. (Round your PV factor to 3 decimal places, intermediate and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Present value $ 15,319 d. Determine the present value of $25,000 to be received annually for the first three years, followed by $15,000 to be received annually for the next two years (total of five years in which collections are received), discounted at an annual rate of 8 percent. Assume collections occur at year-end. (Round your PV factor to 3 decimal places and final answer to the nearest dollar amount. Omit the "$" sign in your response.)
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