Answer:
FV= $61,493.24
Explanation:
Giving the following information:
Annual deposit= $1,500
Number of periods= 65 - 45= 20 years
Annual interest rate= 7%
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,500*[(1.07^20) - 1]} / 0.07
FV= $61,493.24
Answer:
Part 1
$1,422,940
Part 2
$331,480
Explanation:
cost of the land calculation
Purchase Price $1305000
Cost to tear down building $121000
Sale of Salvages ($8400)
Leagl fees $5340
Total $1,422,940
The cost of the land that should be recorded by Wilson Co. is: $1,422,940
cost of the building calculation
Architect's fees $47000
Insurance $3900
Liability insurance $4200
Excavation cost $15480
city for pavement $9900
Borrowing Costs $251000
Total $331,480
The cost of the building should be recorded by Wilson Co. is $331,480
Answer:
$38,448,000
Explanation:
Calculation to determine What will the book value of this purchase
First step
Depreciation = (cost - salvage)/useful life
Depreciation= (40,900,000 - 4,090,000 )/15
Depreciation=36810000/15
Depreciation=2454000
Now let determine the
Book value=Cost -Depreciation
Book value=$40,900,000-$2,454,000
Book value=$38,448,000
Therefore the book value of this purchase is$38,448,000
Money market fund is the fund that invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements.
Given a description about a fund that invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements.
We are required to give the name of the fund about which the question is talking about.
The name of the fund which invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements is money market fund.
A money market fund is basically a type of mutual fund that has relatively low risks compared to other mutual funds and most other investments and historically has had lower returns. These funds invest in high quality, short-term debt securities and pay dividends that generally reflect short-term interest rates.
Hence money market fund is the fund that invests in T-Bills, Eurodollar deposits, commercial paper and repurchase agreements.
Learn more about money market fund at brainly.com/question/13266282
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Answer:
Dr. Cr.
Cash $514,100
Discount on bond payable $15,900
Bond Payable $530,000
Explanation:
Cash is received against the Bond issued is debited due to its debit nature and the bond payable account is credited because it is a liability and its nature is credit.
Cash Received = ( 530,000 / 100 ) x 97 = $514,100
Discount = (530,000/100) x (100 - 97) = $15,900