Which column (i) and row (n) would you use from a present value or future valuetable for 12% interest compounded quarterly for 5 years?(i) = 12%, (n) = 5=(i) 12%, (n) 20=(i) = 6%, (n) = 10=(i) =3%, (n) 20

Step 1:To determine the correct column (i) and row (n) from a present value or future value table,…

Answered: Which column (i) and row (n) would you…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Pronghorn Enterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation $2,715,800 Accumulated benefit obligation 1,992,600 Fair value of plan assets 2,283,600 Accumulated OCI (PSC) 208,800 Accumulated OCI—Net loss (1/1/20 balance, 0) 45,600 Pension liability 432,200 Other pension plan data for 2020: Service cost $94,600 Prior service cost amortization 42,200 Actual return on plan assets 130,900 Expected return on plan assets 176,500 Interest on January 1, 2020, projected benefit obligation 252,200 Contributions to plan 92,800 Benefits paid 139,600 Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,000. Compute the amount of accumulated other comprehensive income reported at December 31, 2020.
If the interest rate is stated as 2.2% per 6 months compounded continuously, the effective annual interest rate is closest to: Select one: а. 3.4%. b. 2.22%. С. 4.5%. d. 3.45%.
Using Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal NominalRate (%) InterestCompounded Compound InterestEarned in 1 Year Annual PercentageYield (APY) $6,000 12 semiannually $ %
Calculating Present Value For each of the following, compute the present value: Present Value Years Interest Rate Future Value ? 17.9% $16, 832 ? 9.7% $ 48,318? 23.13% $886, 073? 35 21% $550, 164
Attempt History Current Attempt in Progress Wildhorse Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Cost Old Equipment Accumulated depreciation Remaining life Current salvage value Salvage value in 8 years Annual cash operating costs $80,240 $40,300 8 years $9,920 $0 $35,100 Cost New Equipment Estimated useful life Salvage value in 8 years Annual cash operating costs $38,000 8 years $4,800 $29,900 Depreciation is $10,030 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,800.
Fill in the blanks in the last 3 columns below with the required data based on the given about compounding interest. Compound Interest formula: S= P(1+ * (1+ 0" Time Annual in Compounding Term Rate Future Periodic rate (i) Present Value (P) Period (n) Amount (S) Years (m) (R) (t) AED AED 9,274.49 9% monthly Round to 2 d.p. AED quarterly AED 1,114.46 10% Round to 2 d.p.
21.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $8,000 12 years 6 semiannually $ $
Solve by using the present value formula. Round your answers (in $) to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest 18,000 8 years 4.5 monthly
What would be the annual percentage yield for a savings account that earned $51 in interest on $750 over the past 365 days? (Enter your answer as a percent rounded to 1 decimal place.)
Prepare the statement of cash flows for the year ended 31 December 2020, using the indirect method.
For each of the following cases, indicate (a) what interest rate columns and (b) what number of periods you would refer to in looking up the present value factor. (1) In Table 3 (present value of 1): Number of Discounts Annual Rate Years Involved per Year Case A 9% 7 Case B 10% 8 Annually Semiannually Case C 8% 8 Semiannually Case A Case B Case C (a) (b) % periods % periods % periods (2) In Table 4 (present value of an annuity of 1): Annual Rate Number of Years Involved Number of Payments Involved Frequency of Payments Case A 8% 15 15 Annually Case B 8% 4 4 Annually Case C 12% 8 16 Semiannually (a) Case A % Case B % (b) periods periods Case C % periods
Complete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 12 years $15,000 3 1/2 % Annually

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Which column (i) and row (n) would you use from a present value or future value table for 12% interest compounded quarterly for 5 years? (i) = 12%, (n) = 5 = (i) 12%, (n) 20 = (i) = 6%, (n) = 10 = (i) =3%, (n) 20