Simon Company’s year-end balance sheets follow.

Mathematics

1 answer:

kompoz [17]2 years ago

6 0

Ok it’s 1,345,234,324 is the answer

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ExtremeBDS [4]

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3 0

2 years ago

What is the exact volume of the cone?

Fudgin [204]

We know, Volume of a cone = πr² h/3
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In short, Your Answer would be Option C

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2 years ago

The Dallas Development Corporation is considering the purchase of an apartment project for $100,000. They estimate that they wil

katovenus [111]

Answer:

The rate of return is 8.15%

This is a good investment

Explanation:

For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.

The formula that returns the present value of a constant payment is called the annuity formula and is:

$Present\text{ }value=payment\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]$

In your problem you know:

Present value: $100,000
payment: $15,000
r: ?
t: 10

You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.

Try 5%:

$\$15,000\times \bigg[\dfrac{1}{0.05}-\dfrac{1}{0.05(1+0.05)^{10}}\bigg]=\$115,826$