Answer: $235,844
Explanation:
Interest revenue = Total lease payments - Fair value of equipment
The lease payments are constant and so are an annuity and will be an annuity due because the first lease payment of such leases are made immediately.
Present value of lease payments = Annuity * Present value factor of Annuity due, 5 years, 12%
989,065 = Annuity * 4.0373
Annuity = 989,065 / 4.0373
= $244,981.79
Total lease payments = Lease payments * number of years
= 244,981.79 * 5
= $1,224,908.95
Interest revenue = 1,224,908.95 - 989,065
= $235,843.95
= $235,844
Answer:
Answer is C
Explanation:
He will not be eligible for any disability income because his disability ended before the elimination period ended.
Answer:
Larry won't have enough money to buy the car. FV= $16,923
Explanation:
Giving the following information:
The car will cost $20,000 at the end of the fifth year and Larry's Christmas bonus is $3,000 a year.
Interest rate= 10%
To calculate the future value at the end of tje fifth year we need to use the following formula. The last deposit is made at the end of the fifth year.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,000*[(1.10^4)-1]}/0.10 + 3,000= $16,923
Larry won't have enough money to buy the car.
Answer:
d. can be held to guarantee payment of the debt.
Explanation:
In the case when the building company added the shipping dock to the complex property but the owner does not pay the same so building filed a lien on the complex property so the property could be held for the debt payment that should be guarantee
Therefore the option d is correct
Answer:
False
Explanation:
The aim of a Community organization is to enhance a community's health, welfare, environmental condition and so on.