{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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.)
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern