This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You are going to pay 800 into an account at the beginning of each of 20 years. The account will ... (Read 101 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

D


s.tung

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jul 11, 2018
Thank you :)


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #3 on: Jul 11, 2018
Happy to help you


« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Varicella or chickenpox, a viral skin infection. In this photograph, the rash is beginning to form s Varicella or chickenpox, a viral skin infection. In this photograph, the rash is beginning to form s
During drought years on the Galapagos, small, easily eaten seeds become rare, le During drought years on the Galapagos, small, easily eaten seeds become rare, le
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness
Video: Reflex arc construction

For a complete list of videos, visit our video library