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9966 [12]
2 years ago
15

At the end of each of the next 5 years, you will deposit the following amount into your savings account: Year Cash Flow 1 $200 2

$300 3 $400 4 $200 5 $600 You expect interest rates to be higher in the future. Your best guess of what rates will be in the future is: Rate 1 year from now 10% Rate 2 years from now 11% Rate 3 years from now 12% Rate 4 years from now 13% If you forecast of interest rates is correct, how much money will you have 5 years from now
Business
1 answer:
lora16 [44]2 years ago
8 0

Answer: At the end of each of the next 5 years, you will deposit the following amount into your savings account: Year Cash Flow 1 $200 2 $300 3 $400 4 $200 5 $600 You expect interest rates to be higher in the future. Your best guess of what rates will be in the future is: Rate 1 year from now 10% Rate 2 years from now 11% Rate 3 years from now 12% Rate 4 years from now 13% If you forecast of interest rates is correct, how much money will you have 5 years from now

Explanation:

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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance
Hitman42 [59]

$504000 is the actual return

<u>Explanation:</u>

particulars                           calculation Amount

Service cost                                         700000

Interest cost                     600000 * 8 \%        480000

Less: Expected return 10 \% * 5760000    576000

Prior service cost                                    48000

Net loss                                                     30000

Pension expense                                       682000

Therefore, the pension expense is $682000

<u>The computation is as follows for the calculation of return (in $000’s) </u>

<u>Plan assets </u>

Beginning = $5760

Actual return = ?

Cash contributions = 696

Less: Retireee benefits = (624)

Ending balance = $6336

Thus after solving this, we get the actual return that is equal to = $504,000

5 0
3 years ago
La. A friend of yours, Grace, wants to purchase a house in five years. To save for the house, Grace decides to deposit $ 112,000
olchik [2.2K]

The balance in the savings account at the end of the 8th year (i.e., after 8 deposits) is  $99,256, and the interest earned on the 8 deposits is $27,256

The future value of annuity is a calculation that measures how a good deal a chain of fixed bills might be really worth at a specific date in the future whilst paired with a particular interest price. The word “value” in this term is the coin's potential that a sequence of future payments can gain.

The equation to find future value of the annuity:

Future Value = E ( ( 1 + r)^p - 1 ) / r

E = Annual deposit = $9,000

r = Interest rate = 9%

P = 8 years

FV = Amount available = 9,000 ( 1.09^8 - 1 ) / .09 = $99,256

Interest = 99,256 - 9000 * 8 =  $27,256

Future value is the value of a current asset at a future date based on an assumed fee of growth. The future price is vital to investors and economic planners, as they use it to estimate how an awful lot of funding made today may be worth it in the future.

Learn more about the future value of annuity here brainly.com/question/14702616

#SPJ4

4 0
2 years ago
If accounting information is to be useful, it must be expressed in terms of​
Novay_Z [31]

Answer:

accounting information?

3 0
2 years ago
Woodward Corporation reported pretax book income of $1,000,000. Included in the computation were favorable temporary differences
andreyandreev [35.5K]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
The work of your group would be better done in teams if the members of the team are? ________.
marshall27 [118]

Interdependent fits here group members can work well alone, but also come together

5 0
3 years ago
Read 2 more answers
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