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Author Question: You are going to pay 800 into an account at the beginning of each of 20 years. The account will ... (Read 83 times)

s.tung

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on: Jul 11, 2018
You are going to pay 800 into an account at the beginning of each of 20 years. The account will
  then be left to compound for an additional 20 years until the end of year 40, when it will turn into a
  perpetuity.
 
  You will receive the first payment from the perpetuity at the end of the 41st year. If the
  account pays 14, how much will you receive from the perpetuity each year (rounded to nearest
  1,000)?
  A) 150,000 B) 160,000 C) 170,000 D) 140,000

Question 2

In addition to the information contained in Table 4-4, you know that the current ratio for 2010 is 4
  and that the corporation paid 11,600 in dividends in 2010. What is Wes Donnell's total asset
  balance for 2010?
 
  A) 26,900 B) 38,500 C) 42,500 D) 36,500


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jlaineee

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Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

D


s.tung

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Reply #2 on: Jul 11, 2018
Thank you :)


jlaineee

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Reply #3 on: Jul 11, 2018
Happy to help you


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