1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kherson [118]
3 years ago
8

Marshall has received an inheritance and wants to invest a sum of money today that will yield $4,800 at the end of each of the n

ext 10 years. Assuming he can earn an interest rate of 5% compounded annually, how much of his inheritance must he invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
a. 96,000.00
b. 37,064.16
c. 48,000.00
d. 45,600.00
e. 43,320.00
Business
1 answer:
In-s [12.5K]3 years ago
3 0

Answer:

B

Explanation:

We are to find the present value of the annuity

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 10 = $4,800

I = 5%

Present value = 37,064.16

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

You might be interested in
A practical approach that is frequently used by managers when setting a normal selling price is the ______
zhenek [66]

This combined process is called the market-related cost approach and is primarily used when valuing residential property The Valuation Process.

<h3>What is Valuation Process?</h3>

Analysts use valuation to determine the current or expected value of a stock, company, or asset. The goal of valuation is to appraise a security and compare its calculated worth to the current market price in order to identify promising investment possibilities.

The appraisal procedure starts when an appraiser finds the appraisal problem and finishes when they present their findings to you. Estimating market value is the most common appraisal assignment.

A valuation is used to assess the efficacy of your strategic decision-making process and to provide the opportunity to track performance in terms of expected change in value rather than just revenue.

To know more about Valuation Process follow the link:

brainly.com/question/15904086

#SPJ4

8 0
1 year ago
A discount bond
Dovator [93]

Answer:

The answer is D

Explanation:

A discount bond is a bond trading at less than a bond's par or facr value.

In this, interest will be paid before the maturity date and only the principal (face value) is paid at maturity. The interest rate is below that market interest rate.

While a premium bond is trading above the market interest rate

3 0
3 years ago
Read 2 more answers
TTG Landscaping purchased a dump truck for $150,000. In addition, they spent $12,000 in sales tax, $200 to paint the company’s l
Darina [25.2K]

Answer:TTG Landscaping Journal $

1.Dump truck Dr 150,000

Sales tax Dr 12,000

Logo. Dr. 200

Vehicle License Dr 900

Accident insurance Dr 2400

Cash. CR. 165,500

Narration. Being cost incurred on Dump truck and additional expenses incurred to make it usable.

2.

Dump truck Dr1 5500

Sales tax Cr 12,000

Logo. Cr. 200 Vehicle License Cr. 900

Accident insurance. CR 2400

Narration. Transfer of additional cost incurred on Dump truck purchase to Dump truck Accounts

The cost of an asset includes the purchase price, tax theron and other cost incurred to make it usable.

8 0
3 years ago
Becky had net sales (all on account in 2014 of $600,000. at december 31, 2014, before adjusting entries, the balances in selecte
olchik [2.2K]
Given:
Net sales: 600,000
Accounts receivable: 750,000 debit
allowance for doubtful accounts: 1,500 debit
3% of the net sales will prove uncollectible

600,000 x 3% = 18,000

Net Realizable Value of the receivables to be reported on the financial statements at December 31,2014 is 733,500.

750,000 - 18,000 + 1,500 = 733,500




<span />
4 0
3 years ago
Corning produces Gorilla Glass screens that are used in the production of laptops, tablets, and smartphones. Corning promotes it
Over [174]

Answer: Derived demand

Explanation: Derived demand is a demand for what is used in the manufacturing procedure to produce goods or services in a given period by a company or partly finished materials that satisfy human wants and provide value utilized as inputs in the manufacturing of other goods. This happens as a result of the need for another product used by the customer to satisfy wants or goods that are partly finished.

In this case, Gorilla glass screens are being used to produce laptops, tablets, and smartphones, making Gorilla glass the intermediate good and the later aforementioned, the final good.

8 0
2 years ago
Read 2 more answers
Other questions:
  • Pizza is a normal good if the demand:__________
    6·1 answer
  • john chapelle wants to know if his video store customers are interested in a selection of classic, black and white movies. how c
    10·1 answer
  • A company can purchase a maintenance, repair, and operation (mro) package that might include services from different vendors, bu
    6·1 answer
  • Because customers have different needs and expectations, the key to distributive fairness in service recovery is
    10·1 answer
  • During 2017, Ecuyer Industries reported cash provided by operations of $794,000, cash used in investing of $686,000, and cash us
    10·1 answer
  • Branch Company, a building materials supplier, has $18,800,000 of notes payable due April 12, 2022. At December 31, 2021, Branch
    9·1 answer
  • Read the following descriptions and identify the type of risk or term being described:
    9·1 answer
  • The theory of comparative advantage shows that the gains from international trade do not just result from the absolute advantage
    8·1 answer
  • What is marketing management?why is it important?​
    5·2 answers
  • How is the market supply curve derived from the supply curves of individual producers?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!